California State Teachers Retirement System increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 62,720 shares of the business services provider’s stock after purchasing an additional 739 shares during the period. California State Teachers Retirement System’s holdings in FactSet Research Systems were worth $15,239,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new position in FactSet Research Systems during the 2nd quarter worth approximately $25,000. Kavar Capital Partners LLC purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $37,000. Cullen Frost Bankers Inc. lifted its holdings in shares of FactSet Research Systems by 178.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 203 shares of the business services provider’s stock valued at $49,000 after buying an additional 130 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $50,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 98.37% of the company’s stock.
In related news, CEO Frederick Philip Snow sold 1,186 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $254.64, for a total value of $302,003.04. Following the sale, the chief executive officer now directly owns 4,980 shares in the company, valued at approximately $1,268,107.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip A. Hadley sold 75,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $282.86, for a total transaction of $21,214,500.00. Following the completion of the sale, the director now directly owns 467,368 shares in the company, valued at $132,199,712.48. The disclosure for this sale can be found here. Insiders have sold a total of 77,372 shares of company stock valued at $21,805,009 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.
A number of research analysts recently weighed in on the company. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and set a $230.00 price objective on the stock. in a report on Friday, September 27th. Morgan Stanley reduced their target price on FactSet Research Systems from $217.00 to $215.00 and set an “underweight” rating for the company in a report on Thursday, October 10th. UBS Group decreased their target price on shares of FactSet Research Systems from $233.00 to $224.00 and set a “sell” rating on the stock in a research report on Friday, September 27th. DA Davidson lowered their price target on shares of FactSet Research Systems to $240.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Finally, Jefferies Financial Group began coverage on shares of FactSet Research Systems in a research note on Wednesday, November 27th. They set a “hold” rating and a $253.00 price target on the stock. Five research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $240.15.
FDS opened at $260.14 on Tuesday. FactSet Research Systems Inc. has a 1-year low of $188.31 and a 1-year high of $305.38. The stock has a market cap of $9.85 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.88 and a beta of 0.95. The stock’s 50 day simple moving average is $254.58 and its 200 day simple moving average is $271.82. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.67 and a quick ratio of 2.67.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.14. The firm had revenue of $364.28 million during the quarter, compared to analysts’ expectations of $362.39 million. FactSet Research Systems had a return on equity of 63.04% and a net margin of 24.58%. FactSet Research Systems’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. Research analysts expect that FactSet Research Systems Inc. will post 10 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 27th. FactSet Research Systems’s dividend payout ratio is currently 28.80%.
FactSet Research Systems Profile
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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