State of New Jersey Common Pension Fund D Trims Stake in FactSet Research Systems Inc. (NYSE:FDS)

State of New Jersey Common Pension Fund D cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 32.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,079 shares of the business services provider’s stock after selling 6,740 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FactSet Research Systems were worth $5,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC increased its position in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC raised its holdings in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of FactSet Research Systems in the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. increased its holdings in FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares of the company’s stock, valued at $294,324.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,432 shares of company stock worth $5,166,986. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS opened at $445.36 on Monday. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a 50 day moving average of $417.70 and a two-hundred day moving average of $428.31. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same period in the previous year, the firm posted $3.79 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems Inc. will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.04 per share. The ex-dividend date is Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.93%. FactSet Research Systems’s payout ratio is currently 31.37%.

Analysts Set New Price Targets

A number of research firms have weighed in on FDS. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Monday, June 24th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Finally, Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $432.27.

FactSet Research Systems Profile

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.