FactSet Research Systems Inc. (NYSE:FDS) Position Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,271 shares of the business services provider’s stock after selling 160 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FactSet Research Systems were worth $1,560,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FDS. Criterion Capital Advisors LLC bought a new stake in FactSet Research Systems during the fourth quarter worth approximately $30,000. Desjardins Global Asset Management Inc. boosted its holdings in FactSet Research Systems by 69.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares in the last quarter. Smithfield Trust Co boosted its holdings in FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares in the last quarter. CVA Family Office LLC bought a new stake in FactSet Research Systems during the fourth quarter worth approximately $49,000. Finally, Global Retirement Partners LLC boosted its holdings in FactSet Research Systems by 36.9% during the fourth quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock worth $65,000 after buying an additional 38 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley lowered their price objective on shares of FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating on the stock in a research report on Monday, June 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Finally, Jefferies Financial Group lowered their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $431.50.

FactSet Research Systems Trading Up 3.8 %

FactSet Research Systems stock opened at $423.73 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 12 month low of $385.27 and a 12 month high of $488.64. The company’s fifty day simple moving average is $423.68 and its 200-day simple moving average is $448.25. The stock has a market cap of $16.15 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.65 and a beta of 0.74.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The business had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 15.95 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is presently 32.94%.

Insider Activity at FactSet Research Systems

In related news, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the sale, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,987 shares of company stock valued at $10,283,347. Insiders own 1.00% of the company’s stock.

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.