New York State Teachers Retirement System Sells 4,081 Shares of FactSet Research Systems Inc. (NYSE:FDS)

New York State Teachers Retirement System trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,710 shares of the business services provider's stock after selling 4,081 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of FactSet Research Systems worth $15,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Asset Management One Co. Ltd. increased its stake in shares of FactSet Research Systems by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 14,241 shares of the business services provider's stock worth $6,929,000 after purchasing an additional 359 shares in the last quarter. Van ECK Associates Corp grew its holdings in FactSet Research Systems by 3.9% during the fourth quarter. Van ECK Associates Corp now owns 8,267 shares of the business services provider's stock valued at $3,970,000 after purchasing an additional 311 shares during the period. Naples Global Advisors LLC grew its holdings in FactSet Research Systems by 2.7% during the fourth quarter. Naples Global Advisors LLC now owns 4,115 shares of the business services provider's stock valued at $1,976,000 after purchasing an additional 110 shares during the period. Stonebridge Financial Group LLC purchased a new stake in FactSet Research Systems in the fourth quarter worth about $4,396,000. Finally, Savant Capital LLC raised its stake in shares of FactSet Research Systems by 8.9% in the fourth quarter. Savant Capital LLC now owns 562 shares of the business services provider's stock worth $270,000 after buying an additional 46 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a report on Thursday, December 12th. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Finally, UBS Group raised 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, November 15th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and a consensus price target of $453.23.

FactSet Research Systems Price Performance

NYSE:FDS traded up $5.78 during trading hours on Wednesday, reaching $465.88. The stock had a trading volume of 218,340 shares, compared to its average volume of 302,008. The stock has a market capitalization of $17.72 billion, a PE ratio of 33.40, a PEG ratio of 2.87 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a 50 day moving average price of $470.31 and a two-hundred day moving average price of $458.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million for the quarter, compared to analysts' expectations of $565.14 million. During the same quarter in the previous year, the business posted $4.12 earnings per share. FactSet Research Systems's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems's dividend payout ratio is 29.82%.

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.