FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDSGet Rating) by 25.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,291 shares of the business services provider’s stock after selling 1,116 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FactSet Research Systems were worth $1,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quent Capital LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $32,000. Tyler Stone Wealth Management acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $36,000. Pinebridge Investments L.P. acquired a new stake in FactSet Research Systems during the 1st quarter worth approximately $42,000. Credit Agricole S A acquired a new stake in FactSet Research Systems in the fourth quarter valued at approximately $56,000. Finally, Okabena Investment Services Inc. acquired a new stake in FactSet Research Systems in the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 90.38% of the company’s stock.

Insider Activity

In related news, Director Sheila B. Jordan sold 2,572 shares of FactSet Research Systems stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the transaction, the director now directly owns 177 shares of the company’s stock, valued at $69,233.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the transaction, the chief executive officer now owns 3,988 shares of the company’s stock, valued at approximately $1,694,580.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sheila B. Jordan sold 2,572 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the completion of the sale, the director now directly owns 177 shares of the company’s stock, valued at approximately $69,233.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,907 shares of company stock valued at $3,164,207. Company insiders own 0.83% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $394.75 on Friday. The business’s fifty day moving average price is $431.55 and its 200 day moving average price is $410.01. FactSet Research Systems Inc. has a 12-month low of $345.92 and a 12-month high of $495.39. The stock has a market capitalization of $14.99 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.79. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.12 and a quick ratio of 2.12.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its earnings results on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.58. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. The firm had revenue of $488.75 million for the quarter, compared to analyst estimates of $476.06 million. During the same period last year, the company earned $2.72 earnings per share. Equities research analysts forecast that FactSet Research Systems Inc. will post 13.52 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 0.90%. The ex-dividend date was Tuesday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 34.94%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FDS shares. Royal Bank of Canada increased their price objective on shares of FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. StockNews.com downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research report on Sunday, June 26th. Stifel Nicolaus lowered their price objective on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating for the company in a research report on Friday, June 24th. Deutsche Bank Aktiengesellschaft raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $507.00 price objective for the company in a research report on Friday, August 26th. Finally, Barclays lowered their price objective on shares of FactSet Research Systems from $550.00 to $440.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $421.75.

FactSet Research Systems Profile

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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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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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