Public Employees Retirement System of Ohio Reduces Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Public Employees Retirement System of Ohio reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,200 shares of the business services provider's stock after selling 1,138 shares during the period. Public Employees Retirement System of Ohio's holdings in FactSet Research Systems were worth $6,990,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its stake in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC grew its holdings in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $34,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. BMO Capital Markets upped their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a "market perform" rating in a research report on Friday, November 15th. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price on the stock. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $451.85.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,984 shares of company stock worth $10,981,107. 1.10% of the stock is owned by insiders.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded up $0.13 during midday trading on Friday, hitting $488.74. 240,563 shares of the company's stock were exchanged, compared to its average volume of 259,895. The firm's 50 day simple moving average is $474.46 and its 200 day simple moving average is $440.36. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $562.20 million for the quarter, compared to analysts' expectations of $547.06 million. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems's dividend payout ratio is currently 29.93%.

FactSet Research Systems 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.