Public Employees Retirement Association of Colorado Sells 63 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Public Employees Retirement Association of Colorado reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,911 shares of the business services provider’s stock after selling 63 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in FactSet Research Systems were worth $1,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in shares of FactSet Research Systems in the fourth quarter worth about $47,977,000. PineStone Asset Management Inc. lifted its stake in FactSet Research Systems by 53.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock valued at $111,447,000 after purchasing an additional 94,952 shares during the last quarter. Norden Group LLC boosted its position in FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after buying an additional 43,346 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of FactSet Research Systems by 21.5% during the second quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after buying an additional 41,717 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of FactSet Research Systems by 198.2% during the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after buying an additional 34,156 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated 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 owns 12,915 shares in the company, valued at $5,281,976.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 9,000 shares of company stock valued at $3,714,960 in the last ninety days. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Trading Up 0.6 %

NYSE:FDS opened at $468.80 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64. The company has a market cap of $17.83 billion, a PE ratio of 35.35, a PEG ratio of 2.64 and a beta of 0.75. The firm has a 50-day moving average of $422.47 and a 200-day moving average of $428.08.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $2.93 EPS. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Wall Street Analyst Weigh In

FDS has been the topic of several recent research reports. UBS Group raised their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Jefferies Financial Group cut their target price 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. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday. Four analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $446.67.

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.