Daiwa Securities Group Inc. Sells 483 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Daiwa Securities Group Inc. lessened its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,045 shares of the business services provider’s stock after selling 483 shares during the period. Daiwa Securities Group Inc.’s holdings in FactSet Research Systems were worth $4,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in FactSet Research Systems during the 4th quarter valued at approximately $1,174,000. Stratos Wealth Partners LTD. increased its position in FactSet Research Systems by 12.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,118 shares of the business services provider’s stock valued at $926,000 after buying an additional 237 shares in the last quarter. Advisors Preferred LLC bought a new position in FactSet Research Systems during the 4th quarter valued at approximately $2,024,000. Cookson Peirce & Co. Inc. purchased a new stake in FactSet Research Systems during the 4th quarter valued at $8,833,000. Finally, Nordea Investment Management AB boosted its stake in FactSet Research Systems by 45.1% during the 3rd quarter. Nordea Investment Management AB now owns 185,103 shares of the business services provider’s stock valued at $81,723,000 after purchasing an additional 57,502 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

NYSE:FDS opened at $434.21 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $454.49 and its two-hundred day simple moving average is $455.78. The stock has a market cap of $16.55 billion, a PE ratio of 34.38, a P/E/G ratio of 2.64 and a beta of 0.72. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. As a group, analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group raised their price target on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Barclays restated an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $442.70.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.