Tokio Marine Asset Management Co. Ltd. Boosts Position in FactSet Research Systems Inc. (NYSE:FDS)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 980 shares of the business services provider’s stock after buying an additional 104 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FDS. Criterion Capital Advisors LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at approximately $30,000. IFP Advisors Inc raised its holdings in FactSet Research Systems by 71.4% in the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after buying an additional 35 shares during the period. Larson Financial Group LLC raised its holdings in FactSet Research Systems by 820.0% in the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock valued at $40,000 after buying an additional 82 shares during the period. Desjardins Global Asset Management Inc. raised its holdings in FactSet Research Systems by 69.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock valued at $40,000 after buying an additional 34 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in FactSet Research Systems by 28.8% in the third quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FDS has been the topic of several research reports. Barclays restated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research note on Monday, March 25th. Wolfe Research initiated coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $442.70.

FactSet Research Systems Stock Up 0.7 %

FDS stock opened at $421.47 on Friday. The company has a market capitalization of $16.07 billion, a P/E ratio of 33.37, a PEG ratio of 2.59 and a beta of 0.72. The firm has a 50 day simple moving average of $450.55 and a 200-day simple moving average of $454.99. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, equities research analysts predict that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

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.