State Board of Administration of Florida Retirement System Sells 5,830 Shares of FactSet Research Systems Inc. (NYSE:FDS)

State Board of Administration of Florida Retirement System reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 11.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 44,366 shares of the business services provider’s stock after selling 5,830 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of FactSet Research Systems worth $19,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in FactSet Research Systems by 82.9% during the second quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock worth $26,000 after purchasing an additional 29 shares during the last quarter. First Capital Advisors Group LLC. purchased a new position in shares of FactSet Research Systems during the 2nd quarter valued at about $30,000. Clear Street Markets LLC lifted its position in FactSet Research Systems by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after buying an additional 37 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in FactSet Research Systems in the second quarter worth approximately $32,000. Finally, IFP Advisors Inc boosted its stake in FactSet Research Systems by 71.4% in the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after buying an additional 35 shares in the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, Director Laurie Siegel sold 1,500 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $475.84, for a total value of $713,760.00. Following the completion of the transaction, the director now owns 595 shares in the company, valued at $283,124.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CTO Katherine M. Stepp sold 1,014 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $469.25, for a total transaction of $475,819.50. Following the completion of the transaction, the chief technology officer now directly owns 687 shares in the company, valued at $322,374.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laurie Siegel sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $475.84, for a total value of $713,760.00. Following the completion of the sale, the director now owns 595 shares in the company, valued at approximately $283,124.80. The disclosure for this sale can be found here. Insiders have sold 17,805 shares of company stock worth $8,164,021 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FDS has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $436.00 to $469.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $480.00 target price (up from $471.00) on shares of FactSet Research Systems in a report on Friday, December 8th. BMO Capital Markets raised their price target on FactSet Research Systems from $436.00 to $447.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $434.25.

Get Our Latest Research Report on FactSet Research Systems

FactSet Research Systems Trading Up 1.6 %

FDS opened at $477.59 on Friday. FactSet Research Systems Inc. has a one year low of $377.89 and a one year high of $487.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day simple moving average of $464.71 and a two-hundred day simple moving average of $447.67. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 2.94 and a beta of 0.75.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Tuesday, December 19th. The business services provider reported $4.12 EPS for the quarter, topping the consensus estimate of $4.10 by $0.02. FactSet Research Systems had a net margin of 22.60% and a return on equity of 34.47%. The business had revenue of $542.20 million during the quarter, compared to analyst estimates of $540.34 million. During the same period in the prior year, the business earned $3.99 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that FactSet Research Systems Inc. will post 15.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, February 29th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.82%. FactSet Research Systems’s dividend payout ratio is presently 31.72%.

About FactSet Research Systems

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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