Mirae Asset Global Investments Co. Ltd. Buys 932 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,814 shares of the business services provider’s stock after buying an additional 932 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in FactSet Research Systems were worth $9,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of FactSet Research Systems by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,436 shares during the period. Natixis Advisors LLC increased its position in shares of FactSet Research Systems by 1.1% during the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after buying an additional 1,260 shares during the period. Nordea Investment Management AB increased its position in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after buying an additional 59,173 shares during the period. Finally, Avanza Fonder AB bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $1,481,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FDS. BMO Capital Markets decreased their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. UBS Group upped their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $453.46.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.2 %

Shares of FDS opened at $468.04 on Friday. The firm has a market cap of $17.80 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.98 and a beta of 0.77. The stock has a 50 day simple moving average of $474.85 and a two-hundred day simple moving average of $455.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.12 earnings per share. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.