Nomura Asset Management Co. Ltd. Grows Position in FactSet Research Systems Inc. $FDS

Nomura Asset Management Co. Ltd. lifted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 21.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 126,411 shares of the business services provider’s stock after buying an additional 22,191 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in FactSet Research Systems were worth $36,683,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cromwell Holdings LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $26,000. WPG Advisers LLC lifted its holdings in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Field & Main Bank purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $29,000. BOKF NA lifted its holdings in shares of FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after buying an additional 102 shares in the last quarter. Finally, Navalign LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $271.22 on Tuesday. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.13 and a beta of 0.71. The firm’s fifty day moving average is $223.02 and its 200 day moving average is $244.63. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $457.20.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. During the same quarter in the previous year, the business posted $4.28 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.65 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 29th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.7%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Bank of America assumed coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price on the stock. Barclays lowered their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Wednesday, April 1st. Finally, Royal Bank Of Canada decreased their price target on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.