New York State Teachers Retirement System Decreases Stake in FactSet Research Systems Inc. (FDS)

New York State Teachers Retirement System lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 54,836 shares of the business services provider’s stock after selling 1,400 shares during the quarter. New York State Teachers Retirement System’s holdings in FactSet Research Systems were worth $13,614,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in FactSet Research Systems in the 4th quarter worth approximately $49,705,000. Ronna Sue Cohen purchased a new stake in shares of FactSet Research Systems during the first quarter valued at $244,000. Ellis Investment Partners LLC purchased a new stake in shares of FactSet Research Systems during the first quarter valued at $93,000. Prana Capital Management LP purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at $11,377,000. Finally, Comerica Bank lifted its holdings in shares of FactSet Research Systems by 135.5% during the first quarter. Comerica Bank now owns 71,935 shares of the business services provider’s stock valued at $18,441,000 after purchasing an additional 41,391 shares during the last quarter. Institutional investors and hedge funds own 92.05% of the company’s stock.

FDS has been the subject of several analyst reports. Morgan Stanley upped their target price on FactSet Research Systems from $200.00 to $211.00 and gave the company an “equal weight” rating in a report on Monday, February 25th. Cantor Fitzgerald upped their target price on FactSet Research Systems from $209.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. DA Davidson upped their target price on FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Deutsche Bank upped their target price on FactSet Research Systems from $217.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Finally, Piper Jaffray Companies upped their target price on FactSet Research Systems from $211.00 to $262.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $239.82.

Shares of NYSE FDS opened at $276.81 on Tuesday. FactSet Research Systems Inc. has a 12 month low of $188.31 and a 12 month high of $284.32. The firm has a market cap of $10.65 billion, a PE ratio of 32.45, a P/E/G ratio of 2.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. The firm had revenue of $354.90 million during the quarter, compared to the consensus estimate of $356.46 million. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 9.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 31st will be paid a $0.72 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.64. This represents a $2.88 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, May 30th. FactSet Research Systems’s dividend payout ratio is currently 30.01%.

In related news, CEO Frederick Philip Snow sold 1,182 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $236.63, for a total value of $279,696.66. Following the completion of the sale, the chief executive officer now directly owns 4,870 shares of the company’s stock, valued at approximately $1,152,388.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert J. Robie sold 10,459 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total value of $2,524,175.06. Following the completion of the sale, the executive vice president now directly owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,010 shares of company stock valued at $3,425,632. Company insiders own 2.30% of the company’s stock.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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

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