State of Alaska Department of Revenue Sells 2,155 Shares of FactSet Research Systems Inc. (NYSE:FDS)

State of Alaska Department of Revenue decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,848 shares of the business services provider’s stock after selling 2,155 shares during the period. State of Alaska Department of Revenue’s holdings in FactSet Research Systems were worth $9,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. Morgan Stanley lifted its stake in FactSet Research Systems by 100.1% during the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after purchasing an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of FactSet Research Systems by 671.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock worth $106,617,000 after buying an additional 212,204 shares in the last quarter. Comerica Bank acquired a new stake in shares of FactSet Research Systems during the second quarter worth approximately $385,860,000. Norges Bank acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $34,175,000. Finally, Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 9.3% during the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock worth $380,034,000 after buying an additional 77,980 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.6 %

Shares of NYSE FDS opened at $454.39 on Friday. The company’s fifty day moving average is $467.37 and its 200-day moving average is $455.88. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 35.98, a P/E/G ratio of 2.80 and a beta of 0.73. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities research analysts predict that FactSet Research Systems Inc. will post 15.78 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 31.04%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total value of $1,428,060.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $6,147,798.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Barclays reaffirmed an “equal weight” rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Two 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.com, the company currently has an average rating of “Hold” and a consensus price target of $444.11.

Check Out Our Latest Research Report on FDS

FactSet Research Systems Profile

(Free Report)

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.

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

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