Sumitomo Mitsui Trust Group Inc. Buys 270 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sumitomo Mitsui Trust Group Inc. increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,082 shares of the business services provider’s stock after buying an additional 270 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of FactSet Research Systems worth $38,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $26,000. UMB Bank n.a. grew its position in FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC grew its position in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC increased its stake in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the second quarter worth $33,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $483.90 on Friday. The company has a market capitalization of $18.38 billion, a PE ratio of 34.81, a P/E/G ratio of 3.25 and a beta of 0.75. The company has a 50-day simple moving average of $461.60 and a two-hundred day simple moving average of $433.69. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

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

FactSet Research Systems Dividend Announcement

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

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock valued at $12,230,877 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday. Redburn Atlantic lowered 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 research report on Wednesday, October 9th. UBS Group boosted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday. Stifel Nicolaus raised their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $450.00.

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.