New York State Teachers Retirement System cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,791 shares of the business services provider's stock after selling 3,112 shares during the period. New York State Teachers Retirement System owned about 0.10% of FactSet Research Systems worth $16,918,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in FDS. UMB Bank n.a. lifted its holdings in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of FactSet Research Systems by 750.0% in the second 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 in the last quarter. Quest Partners LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 67 shares during the period. Gladius Capital Management LP purchased a new position in FactSet Research Systems in the second quarter valued at $33,000. Finally, SJS Investment Consulting Inc. grew its stake in FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FDS shares. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Evercore ISI assumed coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target for the company. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research report on Friday, September 20th. Royal Bank of Canada upped their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Finally, Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of "Hold" and a consensus price target of $443.57.
Check Out Our Latest Research Report on FDS
FactSet Research Systems Stock Performance
Shares of NYSE FDS traded up $4.74 during midday trading on Friday, reaching $458.80. 190,205 shares of the company were exchanged, compared to its average volume of 261,256. The stock has a fifty day simple moving average of $449.81 and a 200 day simple moving average of $429.88. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The stock has a market cap of $17.43 billion, a P/E ratio of 33.01, a PEG ratio of 3.00 and a beta of 0.75. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64.
FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the previous year, the company posted $2.93 earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems's dividend payout ratio is currently 29.93%.
Insider Activity at FactSet Research Systems
In other FactSet Research Systems news, insider Catrina Harding sold 453 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $407.96, for a total transaction of $184,805.88. Following the transaction, the insider now owns 760 shares in the company, valued at approximately $310,049.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FactSet Research Systems news, insider Catrina Harding sold 453 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $407.96, for a total transaction of $184,805.88. Following the sale, the insider now directly owns 760 shares in the company, valued at approximately $310,049.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,815 shares of company stock worth $11,635,501 over the last 90 days. Company insiders own 1.00% of the company's stock.
FactSet Research Systems Profile
(
Free Report)
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.
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