Meiji Yasuda Asset Management Co Ltd. Has $2.35 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.2% in the second quarter, HoldingsChannel.com reports. The fund owned 5,753 shares of the business services provider’s stock after buying an additional 231 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in FactSet Research Systems were worth $2,349,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FDS. SteelPeak Wealth LLC lifted its stake in FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 1,506 shares during the last quarter. Bell Asset Management Ltd acquired a new stake in FactSet Research Systems in the fourth quarter valued at about $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers grew its position in FactSet Research Systems by 214.5% in the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in FactSet Research Systems by 22.5% during the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after acquiring an additional 2,920 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FDS shares. Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Jefferies Financial Group dropped their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $432.27.

FactSet Research Systems Trading Down 0.3 %

NYSE FDS opened at $446.81 on Thursday. The firm has a market capitalization of $17.00 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The business’s 50-day moving average price is $419.15 and its two-hundred day moving average price is $428.15. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the prior year, the business posted $3.79 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. On average, analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the sale, the chief technology officer now owns 687 shares of the company’s stock, valued at $294,324.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robin Ann Abrams sold 2,375 shares of FactSet Research Systems stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock worth $5,166,986 over the last quarter. Company insiders own 1.00% 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.