Nomura Asset Management Co. Ltd. Has $5.27 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Nomura Asset Management Co. Ltd. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 8.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,466 shares of the business services provider’s stock after acquiring an additional 894 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $5,273,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC grew its stake in FactSet Research Systems by 6.0% during the third quarter. MML Investors Services LLC now owns 2,177 shares of the business services provider’s stock worth $1,001,000 after buying an additional 123 shares during the last quarter. Kensington Investment Counsel LLC grew its position in FactSet Research Systems by 2.5% during the 3rd quarter. Kensington Investment Counsel LLC now owns 6,433 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 157 shares during the last quarter. XTX Topco Ltd increased its holdings in FactSet Research Systems by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 6,771 shares of the business services provider’s stock valued at $3,114,000 after purchasing an additional 313 shares in the last quarter. National Bank of Canada FI increased its holdings in FactSet Research Systems by 6.9% during the 3rd quarter. National Bank of Canada FI now owns 28,243 shares of the business services provider’s stock valued at $12,988,000 after purchasing an additional 1,829 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter valued at $364,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FDS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, November 15th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average price target of $451.85.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $489.07 on Friday. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The stock’s fifty day simple moving average is $474.46 and its 200 day simple moving average is $440.27. The company has a market capitalization of $18.58 billion, a PE ratio of 35.18, a PEG ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the prior year, the firm earned $2.93 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.93%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. This trade represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 over the last three months. Company insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.