Retirement Systems of Alabama increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,523 shares of the business services provider’s stock after purchasing an additional 49 shares during the period. Retirement Systems of Alabama’s holdings in FactSet Research Systems were worth $5,437,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Xponance Inc. boosted its position in FactSet Research Systems by 2.2% during the 1st quarter. Xponance Inc. now owns 5,862 shares of the business services provider’s stock worth $2,545,000 after purchasing an additional 125 shares during the period. Fifth Third Bancorp boosted its holdings in FactSet Research Systems by 24.3% in the first quarter. Fifth Third Bancorp now owns 881 shares of the business services provider’s stock valued at $382,000 after purchasing an additional 172 shares during the last quarter. Procyon Advisors LLC boosted its holdings in FactSet Research Systems by 26.2% in the first quarter. Procyon Advisors LLC now owns 1,862 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 386 shares during the last quarter. Rockland Trust Co. increased its holdings in FactSet Research Systems by 15.0% during the 1st quarter. Rockland Trust Co. now owns 987 shares of the business services provider’s stock worth $429,000 after purchasing an additional 129 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in shares of FactSet Research Systems by 3.4% in the 1st quarter. AE Wealth Management LLC now owns 3,661 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 119 shares in the last quarter. 89.99% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE FDS opened at $401.85 on Thursday. FactSet Research Systems Inc. has a 1-year low of $332.67 and a 1-year high of $495.39. The firm has a market capitalization of $15.23 billion, a PE ratio of 39.44, a P/E/G ratio of 2.94 and a beta of 0.78. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.99 and a quick ratio of 3.72. The business’s fifty day moving average price is $376.49 and its two-hundred day moving average price is $411.48.
FactSet Research Systems (NYSE:FDS – Get Rating) last released its quarterly earnings data on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. During the same period in the previous year, the firm posted $2.72 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 13.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Tuesday, May 31st were paid a $0.89 dividend. The ex-dividend date was Friday, May 27th. This represents a $3.56 annualized dividend and a dividend yield of 0.89%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.82. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.94%.
Several research firms recently issued reports on FDS. Morgan Stanley cut their price target on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a report on Tuesday, June 21st. Redburn Partners assumed coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They issued a “sell” rating for the company. StockNews.com cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Sunday, June 26th. UBS Group lifted their target price on FactSet Research Systems from $432.00 to $454.00 and gave the stock a “neutral” rating in a research report on Monday, March 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $102.00 to $418.00 and gave the company a “hold” rating in a research report on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $407.50.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $404.37, for a total value of $1,010,925.00. Following the sale, the chief executive officer now owns 3,988 shares in the company, valued at $1,612,627.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Zimmel sold 1,207 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $443.11, for a total transaction of $534,833.77. Following the completion of the sale, the director now owns 2,542 shares in the company, valued at approximately $1,126,385.62. The disclosure for this sale can be found here. Insiders sold 14,046 shares of company stock worth $5,571,479 in the last 90 days. 0.83% of the stock is owned by company insiders.
About FactSet Research Systems (Get Rating)
FactSet Research Systems Inc, a financial data and analytics 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.
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