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

Tokio Marine Asset Management Co. Ltd. increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,050 shares of the business services provider’s stock after buying an additional 51 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its position in FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares in the last quarter. International Assets Investment Management LLC purchased a new position in FactSet Research Systems during the third quarter valued at approximately $38,909,000. Dimensional Fund Advisors LP raised its stake in FactSet Research Systems by 21.5% in the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares during the period. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday. UBS Group boosted 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 note on Friday. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $450.00.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,984 shares of company stock worth $12,230,877. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Down 2.4 %

Shares of NYSE:FDS opened at $483.90 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.25 and a beta of 0.75. The business has a 50-day moving average price of $461.60 and a 200-day moving average price of $433.69.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

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.