FactSet Research Systems Inc. (NYSE:FDS) Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,351 shares of the business services provider’s stock after selling 56 shares during the quarter. Retirement Systems of Alabama’s holdings in FactSet Research Systems were worth $3,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of FactSet Research Systems by 69.5% during the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock worth $57,000 after purchasing an additional 57 shares during the period. Fifth Third Bancorp raised its holdings in FactSet Research Systems by 5.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,169 shares of the business services provider’s stock worth $477,000 after buying an additional 61 shares during the period. Diversified LLC lifted its stake in FactSet Research Systems by 20.2% during the second quarter. Diversified LLC now owns 638 shares of the business services provider’s stock valued at $261,000 after buying an additional 107 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of FactSet Research Systems by 23.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 12,104 shares of the business services provider’s stock worth $4,942,000 after buying an additional 2,300 shares during the period. Finally, Institute for Wealth Management LLC. increased its position in shares of FactSet Research Systems by 14.8% in the second quarter. Institute for Wealth Management LLC. now owns 1,820 shares of the business services provider’s stock worth $743,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. BMO Capital Markets increased their price objective on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $451.85.

Insiders Place Their Bets

In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares of the company’s stock, valued at $2,413,432.89. The trade was a 50.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 over the last quarter. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 3.5 %

NYSE:FDS opened at $489.73 on Friday. The company has a market capitalization of $18.60 billion, a P/E ratio of 35.23, a P/E/G ratio of 3.15 and a beta of 0.76. The stock’s 50 day moving average price is $476.92 and its 200 day moving average price is $442.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the business posted $4.12 EPS. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

FactSet Research Systems Company 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.