Teachers Retirement System of The State of Kentucky Lowers Stake in FactSet Research Systems Inc. (NYSE:FDS)

Teachers Retirement System of The State of Kentucky lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,829 shares of the business services provider’s stock after selling 190 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FactSet Research Systems were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares in the last quarter. Geode Capital Management LLC raised its position in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after buying an additional 4,113 shares during the period. Boston Trust Walden Corp grew its position in shares of FactSet Research Systems by 9.3% during the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after buying an additional 25,294 shares in the last quarter. Finally, PineStone Asset Management Inc. increased its stake in shares of FactSet Research Systems by 0.4% during the third quarter. PineStone Asset Management Inc. now owns 274,003 shares of the business services provider’s stock valued at $126,000,000 after buying an additional 1,030 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 0.2 %

FDS stock opened at $488.75 on Wednesday. FactSet Research Systems Inc. has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The firm has a market cap of $18.57 billion, a P/E ratio of 35.16, a PEG ratio of 3.15 and a beta of 0.76. The company’s 50-day simple moving average is $475.85 and its 200-day simple moving average is $441.69.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.85%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 37.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock valued at $10,981,107 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FDS shares. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Stifel Nicolaus increased their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, November 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Company 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.