New York State Common Retirement Fund Sells 13,300 Shares of FactSet Research Systems Inc. (NYSE:FDS)

New York State Common Retirement Fund reduced its stake in FactSet Research Systems Inc. (NYSE:FDS) by 35.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,627 shares of the business services provider’s stock after selling 13,300 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of FactSet Research Systems worth $11,196,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FDS. Geode Capital Management LLC boosted its holdings in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock valued at $240,184,000 after buying an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FactSet Research Systems by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock valued at $240,653,000 after buying an additional 7,718 shares during the period. Invesco Ltd. grew its position in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after buying an additional 66,861 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after acquiring an additional 429,028 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the firm’s stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FDS. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research report on Friday, June 20th. Evercore ISI cut their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a research report on Monday, June 16th. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $444.25.

FactSet Research Systems Price Performance

FDS stock opened at $432.65 on Friday. The company has a fifty day moving average price of $444.72 and a 200-day moving average price of $446.16. The company has a market capitalization of $16.36 billion, a P/E ratio of 31.26, a PEG ratio of 2.85 and a beta of 0.84. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.37 earnings per share. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were issued a dividend of $1.10 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 annualized dividend and a yield of 1.02%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.79%.

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.