California State Teachers Retirement System Sells 183 Shares of FactSet Research Systems Inc. (NYSE:FDS)

California State Teachers Retirement System lessened its position in FactSet Research Systems Inc. (NYSE:FDSFree Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,659 shares of the business services provider’s stock after selling 183 shares during the period. California State Teachers Retirement System owned 0.15% of FactSet Research Systems worth $27,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in FactSet Research Systems by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 347,978 shares of the business services provider’s stock worth $152,157,000 after buying an additional 27,624 shares during the period. Gabelli Funds LLC bought a new stake in FactSet Research Systems in the third quarter valued at $262,000. Charles Schwab Investment Management Inc. increased its position in FactSet Research Systems by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 346,901 shares of the business services provider’s stock valued at $151,686,000 after purchasing an additional 4,533 shares during the period. Burney Co. raised its holdings in FactSet Research Systems by 64.1% in the 3rd quarter. Burney Co. now owns 2,574 shares of the business services provider’s stock worth $1,126,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of FactSet Research Systems by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,707 shares of the business services provider’s stock worth $2,058,000 after purchasing an additional 155 shares during the period. 91.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDS shares. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday. Wolfe Research initiated coverage on FactSet Research Systems in a research report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target on the stock. BMO Capital Markets increased their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group boosted 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. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $431.50.

View Our Latest Stock Report on FDS

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the 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 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 can be accessed through the SEC website. In other news, EVP Robert J. Robie sold 4,336 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the sale, the executive vice president now owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,987 shares of company stock valued at $10,283,347 in the last 90 days. 1.00% of the stock is currently owned by insiders.

FactSet Research Systems Trading Up 1.3 %

NYSE:FDS opened at $401.12 on Thursday. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 2.58 and a beta of 0.74. 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 company’s 50 day moving average price is $431.76 and its 200-day moving average price is $452.60. FactSet Research Systems Inc. has a 52 week low of $385.27 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 15.81 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $4.16 annualized dividend and a yield of 1.04%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio is currently 32.94%.

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.

See Also

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

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