State of Alaska Department of Revenue Sells 3,413 Shares of FactSet Research Systems Inc. (NYSE:FDS)

State of Alaska Department of Revenue trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,760 shares of the business services provider’s stock after selling 3,413 shares during the period. State of Alaska Department of Revenue’s holdings in FactSet Research Systems were worth $6,128,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the third quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new stake in FactSet Research Systems in the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its stake in FactSet Research Systems by 581.8% in the third quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 128 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after purchasing an additional 156 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 0.5 %

NYSE:FDS opened at $467.10 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $474.36 and its 200-day moving average price is $456.06. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The firm has a market capitalization of $17.76 billion, a P/E ratio of 33.48, a PEG ratio of 2.98 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $4.12 EPS. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is presently 29.82%.

Analyst Upgrades and Downgrades

FDS has been the subject of several analyst reports. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Finally, Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $453.46.

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.