FactSet Research Systems Inc. (NYSE:FDS) Shares Acquired by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lifted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,397 shares of the business services provider’s stock after buying an additional 1,797 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of FactSet Research Systems worth $19,259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at $30,000. Desjardins Global Asset Management Inc. lifted its position 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 valued at $40,000 after purchasing an additional 34 shares during the period. Smithfield Trust Co lifted its position 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 valued at $44,000 after purchasing an additional 32 shares during the period. CVA Family Office LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at $49,000. Finally, Global Retirement Partners LLC lifted its position 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 valued at $65,000 after purchasing an additional 38 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

Shares of FDS stock traded down $11.11 on Friday, reaching $420.52. 73,490 shares of the company were exchanged, compared to its average volume of 260,197. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 2.63 and a beta of 0.75. The business has a 50-day moving average price of $421.26 and a 200 day moving average price of $443.24. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.79 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post 16.32 earnings per share 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 dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is currently 31.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FDS shares. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Finally, BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $432.00.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at approximately $30,204. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now owns 72 shares of the company’s stock, valued at approximately $30,204. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,363,082.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,419 shares of company stock valued at $11,606,013. Corporate insiders own 1.00% of the company’s stock.

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.