California State Teachers Retirement System Has $21.19 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

California State Teachers Retirement System increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 68,655 shares of the business services provider’s stock after purchasing an additional 291 shares during the period. California State Teachers Retirement System owned approximately 0.18% of FactSet Research Systems worth $21,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FDS. Bogart Wealth LLC acquired a new position in shares of FactSet Research Systems during the 1st quarter worth about $28,000. Goodwin Investment Advisory acquired a new position in shares of FactSet Research Systems during the 1st quarter worth about $39,000. Marshall Wace LLP acquired a new position in shares of FactSet Research Systems during the 1st quarter worth about $85,000. NuWave Investment Management LLC lifted its position in shares of FactSet Research Systems by 115.8% during the 1st quarter. NuWave Investment Management LLC now owns 300 shares of the business services provider’s stock worth $93,000 after purchasing an additional 161 shares during the last quarter. Finally, Sage Private Wealth Group LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth about $147,000. 87.87% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Royal Bank of Canada assumed coverage on FactSet Research Systems in a research report on Wednesday, July 7th. They set an “outperform” rating and a $375.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $315.00 to $330.00 and gave the company a “hold” rating in a report on Wednesday, June 30th. UBS Group upped their price target on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Bank of America upped their price target on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Finally, Stifel Nicolaus upped their price target on FactSet Research Systems from $322.00 to $337.00 and gave the company a “hold” rating in a report on Tuesday, June 29th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. FactSet Research Systems has an average rating of “Hold” and an average price target of $314.88.

In related news, CEO Frederick Philip Snow sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $334.90, for a total transaction of $837,250.00. Following the sale, the chief executive officer now directly owns 6,397 shares in the company, valued at approximately $2,142,355.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Zimmel sold 5,626 shares of the stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $342.56, for a total value of $1,927,242.56. Following the sale, the director now owns 4,711 shares in the company, valued at $1,613,800.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,126 shares of company stock worth $3,770,003. Corporate insiders own 0.74% of the company’s stock.

FDS stock opened at $340.49 on Thursday. FactSet Research Systems Inc. has a 1-year low of $294.21 and a 1-year high of $365.77. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 3.85 and a beta of 0.79. The firm has a 50 day moving average of $331.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.27 and a current ratio of 3.28.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Monday, June 28th. The business services provider reported $2.72 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.03). FactSet Research Systems had a net margin of 24.80% and a return on equity of 44.88%. The company had revenue of $399.60 million during the quarter, compared to the consensus estimate of $397.72 million. During the same quarter in the prior year, the company posted $2.86 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that FactSet Research Systems Inc. will post 11.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 17th. Stockholders of record on Monday, May 31st were paid a $0.82 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 27th. FactSet Research Systems’s dividend payout ratio is currently 30.17%.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.

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

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