Kentucky Retirement Systems Insurance Trust Fund Sells 96 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,257 shares of the business services provider’s stock after selling 96 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in FactSet Research Systems were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Gabelli Funds LLC increased its holdings in shares of FactSet Research Systems by 16.7% in the 1st quarter. Gabelli Funds LLC now owns 700 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 100 shares during the period. Guardian Capital LP grew its stake in FactSet Research Systems by 3.7% in the first quarter. Guardian Capital LP now owns 1,491 shares of the business services provider’s stock valued at $677,000 after purchasing an additional 53 shares during the last quarter. Toronto Dominion Bank raised its holdings in FactSet Research Systems by 2.2% in the first quarter. Toronto Dominion Bank now owns 22,083 shares of the business services provider’s stock worth $10,034,000 after purchasing an additional 479 shares in the last quarter. Heron Bay Capital Management lifted its position in shares of FactSet Research Systems by 0.5% during the first quarter. Heron Bay Capital Management now owns 33,725 shares of the business services provider’s stock valued at $15,324,000 after buying an additional 164 shares during the last quarter. Finally, Wellington Wealth Strategies LLC. purchased a new stake in shares of FactSet Research Systems during the first quarter valued at about $1,165,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded up $3.67 on Friday, reaching $415.33. 213,657 shares of the stock were exchanged, compared to its average volume of 266,166. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The business has a 50 day moving average price of $418.06 and a two-hundred day moving average price of $441.14. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.48 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the previous year, the business posted $3.79 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is 31.37%.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent analyst reports. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $500.00 to $407.00 in a research note on Thursday, May 30th. Morgan Stanley raised their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Wolfe Research initiated coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Monday, June 24th. Finally, Jefferies Financial Group dropped their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $432.00.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at $2,296,336.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total transaction of $1,245,780.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,363,082.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now directly owns 5,262 shares in the company, valued at approximately $2,296,336.80. The disclosure for this sale can be found here. Insiders sold a total of 27,419 shares of company stock worth $11,606,013 in the last three months. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems 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.