Kentucky Retirement Systems Sells 36 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Kentucky Retirement Systems reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,614 shares of the business services provider’s stock after selling 36 shares during the period. Kentucky Retirement Systems’ holdings in FactSet Research Systems were worth $1,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Trust N.A. boosted its holdings in FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after acquiring an additional 21 shares during the period. Mount Yale Investment Advisors LLC lifted its position in shares of FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock worth $755,000 after purchasing an additional 22 shares during the last quarter. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the period. Cerro Pacific Wealth Advisors LLC grew its holdings in FactSet Research Systems by 1.4% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,759 shares of the business services provider’s stock valued at $809,000 after buying an additional 25 shares during the last quarter. Finally, Andina Capital Management LLC increased its position in FactSet Research Systems by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after buying an additional 26 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 0.9 %

Shares of NYSE:FDS opened at $462.10 on Monday. The company’s fifty day moving average is $469.33 and its 200-day moving average is $460.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $17.57 billion, a PE ratio of 33.13, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The firm 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%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 earnings per share. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio is 29.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FDS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets lowered their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Finally, Morgan Stanley raised their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $453.23.

About FactSet Research Systems

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.