Municipal Employees Retirement System of Michigan decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 22.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,860 shares of the business services provider’s stock after selling 3,370 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in FactSet Research Systems were worth $2,136,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in FactSet Research Systems by 288.3% in the second quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock valued at $82,660,000 after buying an additional 369,323 shares in the last quarter. Fiduciary Management Inc. WI bought a new position in FactSet Research Systems in the second quarter valued at approximately $31,790,000. Junto Capital Management LP bought a new position in FactSet Research Systems in the second quarter valued at approximately $20,424,000. Fiera Capital Corp lifted its position in shares of FactSet Research Systems by 34.0% in the second quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock worth $62,210,000 after purchasing an additional 95,062 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of FactSet Research Systems by 51.3% in the second quarter. Parametric Portfolio Associates LLC now owns 269,969 shares of the business services provider’s stock worth $44,863,000 after purchasing an additional 91,484 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
Shares of FactSet Research Systems Inc. (NYSE FDS) traded down $0.67 on Wednesday, reaching $195.22. 187,100 shares of the company were exchanged, compared to its average volume of 304,788. The firm has a market capitalization of $7,661.21, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.96. FactSet Research Systems Inc. has a fifty-two week low of $155.09 and a fifty-two week high of $196.57. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The business had revenue of $326.60 million for the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share. analysts predict that FactSet Research Systems Inc. will post 8.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 30th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.24 dividend on an annualized basis and a yield of 1.15%. FactSet Research Systems’s payout ratio is 34.36%.
A number of analysts have recently commented on FDS shares. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Morgan Stanley reissued an “equal weight” rating and issued a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. BidaskClub lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Northcoast Research raised shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Thursday, September 21st. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $192.00 price objective (up previously from $180.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $178.91.
In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares in the company, valued at $2,040,366.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew J. Mcnulty sold 1,049 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at $452,319. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,841 shares of company stock worth $3,224,739. 2.80% of the stock is owned by corporate insiders.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.