New York State Common Retirement Fund Lowers Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

New York State Common Retirement Fund cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,927 shares of the business services provider’s stock after selling 4,910 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of FactSet Research Systems worth $18,216,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in FactSet Research Systems during the third quarter worth $34,000. Brooklyn Investment Group purchased a new position in FactSet Research Systems in the third quarter worth $35,000. Allworth Financial LP grew its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 22 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $78,000. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FDS shares. Wells Fargo & Company cut their price target on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Finally, UBS Group raised their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Trading Down 0.9 %

Shares of FactSet Research Systems stock opened at $462.10 on Friday. The company’s 50-day moving average price is $469.33 and its 200-day moving average price is $459.80. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.93 and a beta of 0.77.

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

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $1.04 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

About FactSet Research Systems

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.