California State Teachers Retirement System Purchases 291 Shares of FactSet Research Systems Inc. (NYSE:FDS)

California State Teachers Retirement System boosted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.4% in the first quarter, Holdings Channel.com reports. The firm owned 68,655 shares of the business services provider’s stock after acquiring an additional 291 shares during the period. California State Teachers Retirement System’s holdings in FactSet Research Systems were worth $21,186,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Korea Investment CORP increased its holdings in FactSet Research Systems by 82.6% during the 1st quarter. Korea Investment CORP now owns 15,700 shares of the business services provider’s stock worth $4,845,000 after purchasing an additional 7,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in FactSet Research Systems by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 237,618 shares of the business services provider’s stock worth $79,002,000 after purchasing an additional 10,911 shares in the last quarter. Cetera Investment Advisers increased its holdings in FactSet Research Systems by 31.2% during the 4th quarter. Cetera Investment Advisers now owns 1,370 shares of the business services provider’s stock worth $456,000 after purchasing an additional 326 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in FactSet Research Systems by 9.3% during the 1st quarter. DAVENPORT & Co LLC now owns 2,135 shares of the business services provider’s stock worth $659,000 after purchasing an additional 181 shares in the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in shares of FactSet Research Systems in the 1st quarter valued at about $645,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

FactSet Research Systems stock opened at $340.49 on Thursday. FactSet Research Systems Inc. has a 52 week low of $294.21 and a 52 week high of $365.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.28 and a quick ratio of 3.27. The company has a market capitalization of $12.86 billion, a PE ratio of 33.95, a P/E/G ratio of 3.85 and a beta of 0.79. The stock’s 50-day simple moving average is $331.85.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Monday, June 28th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.03). The company had revenue of $399.60 million for the quarter, compared to analyst estimates of $397.72 million. FactSet Research Systems had a return on equity of 44.88% and a net margin of 24.80%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $2.86 earnings per share. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 11.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 17th. Shareholders of record on Monday, May 31st were given a dividend of $0.82 per share. The ex-dividend date was Thursday, May 27th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 0.96%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.17%.

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $334.90, for a total transaction of $837,250.00. Following the completion of the sale, the chief executive officer now directly owns 6,397 shares in the company, valued at $2,142,355.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Malcolm Frank sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 13th. The stock was sold at an average price of $335.17, for a total transaction of $1,005,510.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at $1,005,510. The disclosure for this sale can be found here. Insiders have sold 11,126 shares of company stock valued at $3,770,003 over the last 90 days. Company insiders own 0.74% of the company’s stock.

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on FactSet Research Systems from $315.00 to $330.00 and gave the company a “hold” rating in a report on Wednesday, June 30th. Royal Bank of Canada assumed coverage on FactSet Research Systems in a report on Wednesday, July 7th. They issued an “outperform” rating and a $375.00 price objective for the company. Stifel Nicolaus raised their price objective on FactSet Research Systems from $322.00 to $337.00 and gave the company a “hold” rating in a report on Tuesday, June 29th. Bank of America raised their price objective on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Finally, UBS Group raised their price objective on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $314.88.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment and corporate communities in the Americas, EMEA, 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.

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

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