Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,078 shares of the business services provider’s stock after selling 203 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FactSet Research Systems were worth $3,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDS. Brooklyn Investment Group acquired a new stake in FactSet Research Systems during the 3rd quarter valued at $35,000. Allworth Financial LP lifted its stake in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Continuum Advisory LLC lifted its stake 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 worth $79,000 after purchasing an additional 156 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after purchasing an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of FactSet Research Systems during the 4th quarter worth $102,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FDS. BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley cut their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $450.00 to $402.00 in a report on Friday. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and an average target price of $441.00.

FactSet Research Systems Stock Up 0.5 %

Shares of FactSet Research Systems stock opened at $433.01 on Monday. The business has a 50-day moving average of $455.49 and a 200-day moving average of $464.69. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $16.47 billion, a PE ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $4.22 earnings per share. As a group, equities analysts forecast 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 was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.82%.

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.