California Public Employees Retirement System Raises Stake in FactSet Research Systems Inc. (NYSE:FDS)

California Public Employees Retirement System grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,074 shares of the business services provider’s stock after purchasing an additional 3,110 shares during the period. California Public Employees Retirement System owned approximately 0.54% of FactSet Research Systems worth $98,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Bamco Inc. NY lifted its stake in shares of FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after purchasing an additional 8,862 shares during the last quarter. Morgan Stanley raised its position in FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after purchasing an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. raised its position in FactSet Research Systems by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after purchasing an additional 66,986 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of FactSet Research Systems by 1.6% in the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after acquiring an additional 6,960 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of FactSet Research Systems by 4.7% in the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock valued at $170,774,000 after acquiring an additional 17,605 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays reiterated an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets boosted their price target on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. The Goldman Sachs Group boosted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Trading Up 0.7 %

Shares of FDS opened at $422.83 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50-day moving average price of $452.19 and a 200 day moving average price of $455.44. FactSet Research Systems Inc. has a one year low of $380.96 and a one year high of $488.64. The company has a market capitalization of $16.12 billion, a P/E ratio of 33.48, a P/E/G ratio of 2.58 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The company had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. Sell-side analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems’s payout ratio is 31.04%.

About FactSet Research Systems

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.