Public Employees Retirement Association of Colorado Has $1.60 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Public Employees Retirement Association of Colorado lessened its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,911 shares of the business services provider’s stock after selling 63 shares during the period. Public Employees Retirement Association of Colorado’s holdings in FactSet Research Systems were worth $1,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SteelPeak Wealth LLC raised its stake in FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after buying an additional 1,506 shares during the period. Bell Asset Management Ltd bought a new position in shares of FactSet Research Systems during the 4th quarter valued at about $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers increased its stake in FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 3,683 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in FactSet Research Systems by 22.5% in the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock valued at $7,223,000 after buying an additional 2,920 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,000 shares of company stock worth $3,714,960 in the last ninety days. 1.00% of the stock is owned by company insiders.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $468.80 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $17.83 billion, a P/E ratio of 35.35, a P/E/G ratio of 2.64 and a beta of 0.75. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $488.64. The stock has a 50 day moving average of $422.47 and a 200-day moving average of $428.08.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.93 earnings per share. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 16.28 EPS for the current 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 was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analyst Ratings Changes

FDS has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley boosted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Finally, UBS Group raised their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $446.67.

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.