Kentucky Retirement Systems Sells 222 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Kentucky Retirement Systems decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,650 shares of the business services provider’s stock after selling 222 shares during the quarter. Kentucky Retirement Systems’ holdings in FactSet Research Systems were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new position in shares of FactSet Research Systems during the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its holdings in FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC raised its holdings in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in FactSet Research Systems during the second quarter worth about $33,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

FDS has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. BMO Capital Markets raised their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $450.00.

FactSet Research Systems Stock Performance

NYSE FDS opened at $485.93 on Tuesday. The company’s 50 day moving average is $462.74 and its 200-day moving average is $434.23. The firm has a market cap of $18.46 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be given a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Activity at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,984 shares of company stock valued at $12,230,877. Corporate insiders own 1.10% 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.