FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,760 shares of the business services provider's stock after selling 3,413 shares during the period. State of Alaska Department of Revenue's holdings in FactSet Research Systems were worth $6,128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDS. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems during the third quarter worth about $26,000. Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth about $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC grew its holdings in shares of FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider's stock worth $69,000 after purchasing an additional 128 shares during the period. Finally, Continuum Advisory LLC raised its holdings in FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock valued at $79,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $6.24 during trading hours on Tuesday, reaching $454.42. The stock had a trading volume of 281,092 shares, compared to its average volume of 319,270. The firm has a market capitalization of $17.28 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The firm has a 50-day simple moving average of $473.15 and a 200-day simple moving average of $457.33. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick 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 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.12 earnings per share. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. FactSet Research Systems's payout ratio is 29.82%.

Analysts Set New Price Targets

Several research firms recently weighed in on FDS. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price objective on shares of FactSet Research Systems from $503.00 to $500.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and an average price target of $453.23.

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.