Louisiana State Employees Retirement System Buys Shares of 2,300 FactSet Research Systems Inc. (NYSE:FDS)

Louisiana State Employees Retirement System bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,300 shares of the business services provider’s stock, valued at approximately $1,097,000.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in FactSet Research Systems by 71.4% in the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after buying an additional 35 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of FactSet Research Systems by 820.0% during the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of FactSet Research Systems by 28.8% during the third quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after purchasing an additional 23 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems during the third quarter worth about $46,000. Finally, CVA Family Office LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $420.01 on Wednesday. The firm has a market capitalization of $16.01 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.67 and a beta of 0.72. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $452.97 and its two-hundred day moving average is $455.67.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results 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 company had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Research analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FDS. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Stifel Nicolaus reissued a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reissued a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group raised their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $442.70.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Company 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.