MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $5.23 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 10,886 shares of the business services provider’s stock after selling 481 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in FactSet Research Systems were worth $5,229,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FDS. JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after acquiring an additional 52,741 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $213,000. Assenagon Asset Management S.A. increased its position in shares of FactSet Research Systems by 226.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,496 shares of the business services provider’s stock worth $3,120,000 after acquiring an additional 4,507 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of FactSet Research Systems by 24.1% during the fourth quarter. Park Avenue Securities LLC now owns 1,972 shares of the business services provider’s stock worth $947,000 after acquiring an additional 383 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of FactSet Research Systems during the fourth quarter worth $1,481,000. Institutional investors own 91.24% of the company’s stock.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at $19,084.12. This trade represents a 89.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of several research reports. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $436.90.

FactSet Research Systems Stock Up 1.0%

FactSet Research Systems stock opened at $474.21 on Monday. The company has a market cap of $17.99 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The company has a fifty day simple moving average of $434.78 and a 200 day simple moving average of $458.55. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the firm posted $4.22 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio (DPR) is 31.29%.

FactSet Research Systems 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.