State Board of Administration of Florida Retirement System Boosts Position in FactSet Research Systems Inc. (FDS)
State Board of Administration of Florida Retirement System boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,786 shares of the business services provider’s stock after purchasing an additional 2,190 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.13% of FactSet Research Systems worth $8,967,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. The Manufacturers Life Insurance Company grew its position in FactSet Research Systems by 288.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock valued at $82,660,000 after purchasing an additional 369,323 shares during the period. Fiduciary Management Inc. WI bought a new position in FactSet Research Systems during the 2nd quarter valued at $31,790,000. Junto Capital Management LP bought a new position in FactSet Research Systems during the 2nd quarter valued at $20,424,000. Fiera Capital Corp lifted its stake in FactSet Research Systems by 34.0% during the 2nd quarter. Fiera Capital Corp now owns 374,353 shares of the business services provider’s stock valued at $62,210,000 after acquiring an additional 95,062 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in FactSet Research Systems by 51.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 269,969 shares of the business services provider’s stock valued at $44,863,000 after acquiring an additional 91,484 shares in the last quarter. 94.14% of the stock is owned by institutional investors and hedge funds.
FDS has been the topic of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $205.00 price objective (up from $200.00) on shares of FactSet Research Systems in a research note on Monday, October 23rd. Morgan Stanley raised their price objective on FactSet Research Systems from $166.00 to $171.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, October 10th. Northcoast Research upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Thursday, September 21st. Finally, BidaskClub cut FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $178.91.
Shares of FactSet Research Systems Inc. (NYSE:FDS) opened at $196.21 on Friday. The company has a market capitalization of $7,673.77, a price-to-earnings ratio of 26.84, a PEG ratio of 2.23 and a beta of 0.96. FactSet Research Systems Inc. has a 52 week low of $155.09 and a 52 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 released its earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The company had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 EPS. research analysts predict that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.
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In related news, COO Mark J. Hale sold 9,458 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the sale, the chief operating officer now directly owns 11,314 shares in the company, valued at approximately $2,040,366.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 7,334 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.24, for a total value of $1,329,214.16. Following the completion of the sale, the chief executive officer now owns 11,262 shares in the company, valued at $2,041,124.88. The disclosure for this sale can be found here. Insiders have sold a total of 17,841 shares of company stock worth $3,224,739 over the last quarter. Company insiders own 2.70% of the company’s stock.
About FactSet Research Systems
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.
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