New Mexico Educational Retirement Board Sells 100 Shares of FactSet Research Systems Inc. (NYSE:FDS)

New Mexico Educational Retirement Board lowered its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,800 shares of the business services provider’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in FactSet Research Systems were worth $865,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new position in FactSet Research Systems in the 3rd quarter worth $34,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC boosted 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 valued at $69,000 after purchasing an additional 128 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $456.24 on Tuesday. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.95 and a beta of 0.77. The company’s 50 day moving average is $471.27 and its 200 day moving average is $458.57. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. 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 issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (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 period last year, the company posted $4.12 earnings per share. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. 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 for the company in a report on Tuesday, February 11th. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.