California Public Employees Retirement System Has $82.22 Million Stake in FactSet Research Systems Inc. (NYSE:FDS)

California Public Employees Retirement System trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 171,187 shares of the business services provider's stock after selling 2,423 shares during the period. California Public Employees Retirement System owned 0.45% of FactSet Research Systems worth $82,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after purchasing an additional 42,303 shares during the period. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after acquiring an additional 8,376 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after acquiring an additional 16,522 shares during the period. JPMorgan Chase & Co. lifted its position in FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after acquiring an additional 7,718 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in FactSet Research Systems by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 382,434 shares of the business services provider's stock valued at $183,675,000 after acquiring an additional 9,048 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

FactSet Research Systems Stock Performance

FDS stock traded down $21.79 during midday trading on Friday, hitting $415.36. The stock had a trading volume of 769,259 shares, compared to its average volume of 282,860. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.93 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $451.88 and a 200 day simple moving average of $464.81. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $4.22 EPS. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. FactSet Research Systems's payout ratio is presently 29.59%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets cut their price target on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a report on Monday, March 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, Morgan Stanley cut their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $436.27.

FactSet Research Systems Company Profile

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.