New York State Common Retirement Fund decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,000 shares of the business services provider’s stock after selling 900 shares during the quarter. New York State Common Retirement Fund owned approximately 0.35% of FactSet Research Systems worth $24,315,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in FactSet Research Systems by 32.6% during the 3rd quarter. Sei Investments Co. now owns 4,619 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 1,135 shares during the period. Alps Advisors Inc. increased its position in FactSet Research Systems by 9.2% during the 3rd quarter. Alps Advisors Inc. now owns 3,340 shares of the business services provider’s stock valued at $602,000 after purchasing an additional 281 shares during the period. Sunbelt Securities Inc. purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $404,000. State Board of Administration of Florida Retirement System increased its position in FactSet Research Systems by 4.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 49,786 shares of the business services provider’s stock valued at $8,967,000 after purchasing an additional 2,190 shares during the period. Finally, NewFocus Financial Group LLC increased its position in FactSet Research Systems by 2.4% during the 3rd quarter. NewFocus Financial Group LLC now owns 13,435 shares of the business services provider’s stock valued at $2,420,000 after purchasing an additional 315 shares during the period. Institutional investors own 93.73% of the company’s stock.
FDS has been the topic of a number of research reports. Credit Suisse Group reissued an “outperform” rating and set a $205.00 target price (up previously from $200.00) on shares of FactSet Research Systems in a research report on Monday, October 23rd. Goldman Sachs Group started coverage on shares of FactSet Research Systems in a research report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 target price on the stock. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $180.73.
In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the sale, the chief operating officer now owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $181.24, for a total transaction of $1,329,214.16. Following the sale, the chief executive officer now directly owns 11,262 shares in the company, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,841 shares of company stock worth $3,224,739. 2.80% of the stock is owned by insiders.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up $1.98 during trading on Tuesday, hitting $204.05. 301,000 shares of the stock were exchanged, compared to its average volume of 307,613. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04. FactSet Research Systems Inc. has a 52-week low of $155.09 and a 52-week high of $204.65. The stock has a market cap of $7,980.00, a P/E ratio of 27.64, a P/E/G ratio of 2.29 and a beta of 0.97.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. equities research analysts expect that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 34.41%.
About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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