Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 0.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,583 shares of the business services provider’s stock after selling 73 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of FactSet Research Systems worth $8,959,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in FactSet Research Systems by 22.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,290 shares of the business services provider’s stock worth $5,733,000 after purchasing an additional 2,644 shares during the period. UBS Group AG grew its position in shares of FactSet Research Systems by 91.2% during the 4th quarter. UBS Group AG now owns 79,238 shares of the business services provider’s stock valued at $31,791,000 after acquiring an additional 37,798 shares during the period. Baird Financial Group Inc. grew its position in shares of FactSet Research Systems by 7.4% during the 4th quarter. Baird Financial Group Inc. now owns 23,189 shares of the business services provider’s stock valued at $9,304,000 after acquiring an additional 1,591 shares during the period. Synovus Financial Corp grew its position in shares of FactSet Research Systems by 82.8% during the 4th quarter. Synovus Financial Corp now owns 1,605 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 727 shares during the period. Finally, Baldwin Brothers LLC MA acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $34,000. 86.90% of the stock is owned by institutional investors and hedge funds.
Insider Activity at FactSet Research Systems
In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $433.22, for a total value of $1,299,660.00. Following the transaction, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,572,765.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is currently owned by insiders.
Analysts Set New Price Targets
FactSet Research Systems Trading Up 0.6 %
Shares of FactSet Research Systems stock opened at $424.81 on Tuesday. The stock has a market cap of $16.21 billion, a P/E ratio of 32.55, a P/E/G ratio of 2.55 and a beta of 0.83. The stock’s 50 day simple moving average is $411.11 and its 200-day simple moving average is $411.29. FactSet Research Systems Inc. has a 1-year low of $377.89 and a 1-year high of $474.13. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.11 and a quick ratio of 2.11.
FactSet Research Systems (NYSE:FDS – Get Free Report) last issued its earnings results on Thursday, June 22nd. The business services provider reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.17. The business had revenue of $529.80 million for the quarter, compared to analysts’ expectations of $527.56 million. FactSet Research Systems had a return on equity of 37.65% and a net margin of 24.77%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.76 EPS. Analysts predict that FactSet Research Systems Inc. will post 15.07 EPS for the current fiscal year.
FactSet Research Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 31st will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 30.04%.
FactSet Research Systems Company Profile
FactSet Research Systems Inc, a financial data and analytics 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.
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