Home research company Mirae Asset Global Investments Co. Ltd. acquires 1,596 shares of FactSet Research Systems Inc. (NYSE: FDS)

Mirae Asset Global Investments Co. Ltd. acquires 1,596 shares of FactSet Research Systems Inc. (NYSE: FDS)

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Mirae Asset Global Investments Co. Ltd. increased its stake in the shares of FactSet Research Systems Inc. (NYSE: MSDSGet a rating) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 28,632 shares of the business services provider after buying an additional 1,596 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of FactSet Research Systems worth $12,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also changed their positions in the company. The North Carolina State Treasurer increased its stake in shares of FactSet Research Systems by 12.3% in the first quarter. The North Carolina State Treasurer now owns 16,000 shares of the business services provider worth $6,946,000 after purchasing an additional 1,750 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of FactSet Research Systems during the first quarter at a value of $642,000. The Bank of Nova Scotia increased its stake in shares of FactSet Research Systems by 27.3% in the first quarter. The Bank of Nova Scotia now owns 38,427 shares of the business services provider valued at $16,683,000 after purchasing an additional 8,230 shares during the period. Commerce Bank increased its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Commerce Bank now owns 13,085 shares of the business services provider valued at $5,681,000 after buying 347 additional shares during the period. Finally, River Wealth Advisors LLC increased its stake in shares of FactSet Research Systems by 21.1% during the first quarter. River Wealth Advisors LLC now owns 568 shares of the business services provider valued at $247,000 after buying 99 additional shares during the period. 89.99% of the shares are currently held by institutional investors.

Insider buying and selling

In related news, CEO Frederick Philippe Snow sold 2,500 shares of FactSet Research Systems in a trade dated Monday, August 1. The stock was sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the completion of the sale, the CEO now owns 3,988 shares of the company, valued at $1,694,580.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. In other news from FactSet Research Systems, CEO Frederick Philippe Snow sold 2,500 shares of the company in a transaction that took place on Monday, August 1. The stock was sold at an average price of $424.92, for a total value of $1,062,300.00. Following completion of the transaction, the CEO now directly owns 3,988 shares of the company, valued at $1,694,580.96. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also, VPE Jonathan Reeve sold 335 shares of the company in a transaction that took place on Friday, July 8. The shares were sold at an average price of $401.55, for a total value of $134,519.25. Following the completion of the transaction, the executive vice president now directly owns 111 shares of the company, valued at $44,572.05. Disclosure of this sale can be found here. Insiders sold 11,407 shares of the company valued at $4,482,202 during the last quarter. 0.83% of the shares are currently held by insiders of the company.

A Wall Street analyst gives his opinion

Several brokerages have recently commented on FDS. Deutsche Bank Aktiengesellschaft raised its price target on FactSet Research Systems from $418.00 to $463.00 in a Wednesday, August 10 research note. Barclays cut its target price on FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating on the stock in a Friday June 24 research note. Credit Suisse Group cut its price target on FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating on the stock in a Friday, June 24 research note. Redburn Partners began covering FactSet Research Systems in a research note on Tuesday, May 17. They issued a “sell” rating on the stock. Finally, Morgan Stanley cut its price target on FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a Tuesday, June 21 research note. Three analysts rated the stock with a sell rating, seven gave the company a hold rating and two gave the company a buy rating. According to MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $416.25.

FactSet Research Systems Price Performance

Shares of NYSE MSDS opened at $446.37 on Friday. The company has a debt ratio of 1.66, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $16.95 billion, a PE ratio of 43.80, a P/E/G ratio of 3.36 and a beta of 0.80. The company has a 50-day simple moving average of $402.36 and a two-hundred-day simple moving average of $404.90. FactSet Research Systems Inc. has a fifty-two week low of $345.92 and a fifty-two week high of $495.39.

FactSet Research Systems (NYSE: MSDSGet a rating) last reported results on Thursday, June 23. The business services provider reported EPS of $3.76 for the quarter, beating analyst consensus estimates of $3.18 by $0.58. FactSet Research Systems achieved a return on equity of 44.24% and a net margin of 22.41%. The company posted revenue of $488.75 million in the quarter, compared to a consensus estimate of $476.06 million. In the same quarter a year earlier, the company posted earnings per share of $2.72. As a group, stock analysts expect FactSet Research Systems Inc. to post EPS of 13.48 for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Investors of record on Wednesday, August 31 will receive a dividend of $0.89 per share. This represents a dividend of $3.56 on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Tuesday, August 30. FactSet Research Systems’ dividend payout ratio (DPR) is 34.94%.

FactSet Research Systems Company Profile

(Get a rating)

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, Middle East, Africa and Asia-Pacific. The Company provides insights and insights through the Research, Analytics & Trading, Content & Technology and Wealth Solutions Workflow Solutions.

Further reading

Institutional ownership by quarter for FactSet Research Systems (NYSE:FDS)



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