Louisiana State Employees Retirement System Takes $1.10 Million Position in FactSet Research Systems Inc. (NYSE:FDS)

Louisiana State Employees Retirement System bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,300 shares of the business services provider’s stock, valued at approximately $1,097,000.

A number of other large investors have also recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in shares of FactSet Research Systems by 28.8% during the 3rd quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 23 shares in the last quarter. Drive Wealth Management LLC boosted its stake in FactSet Research Systems by 5.2% during the fourth quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after acquiring an additional 24 shares in the last quarter. Institutional & Family Asset Management LLC boosted its stake in FactSet Research Systems by 0.3% during the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock worth $4,224,000 after acquiring an additional 29 shares in the last quarter. CENTRAL TRUST Co boosted its stake in FactSet Research Systems by 23.0% during the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock worth $74,000 after acquiring an additional 29 shares in the last quarter. Finally, Palisade Asset Management LLC boosted its stake in FactSet Research Systems by 2.6% during the third quarter. Palisade Asset Management LLC now owns 1,185 shares of the business services provider’s stock worth $518,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 4.2 %

FDS opened at $420.01 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $452.97 and a 200-day moving average price of $455.67. FactSet Research Systems Inc. has a twelve month low of $380.96 and a twelve month high of $488.64. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.67 and a beta of 0.72.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. Equities research analysts forecast that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.93%. FactSet Research Systems’s payout ratio is 31.04%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FDS. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. Barclays reissued an “equal weight” rating and set a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $442.70.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by corporate insiders.

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.