New York State Common Retirement Fund Sells 2,293 Shares of FactSet Research Systems Inc. (NYSE:FDS)

New York State Common Retirement Fund lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,635 shares of the business services provider’s stock after selling 2,293 shares during the period. New York State Common Retirement Fund’s holdings in FactSet Research Systems were worth $24,155,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of FactSet Research Systems by 71.4% in the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after buying an additional 35 shares during the period. Global Retirement Partners LLC increased its holdings in shares of FactSet Research Systems by 28.8% in the third quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after buying an additional 23 shares during the period. SG Americas Securities LLC increased its holdings in shares of FactSet Research Systems by 133.2% in the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after buying an additional 2,646 shares during the period. Czech National Bank increased its holdings in shares of FactSet Research Systems by 47.0% in the third quarter. Czech National Bank now owns 6,667 shares of the business services provider’s stock worth $2,915,000 after buying an additional 2,131 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of FactSet Research Systems by 4.1% in the third quarter. Handelsbanken Fonder AB now owns 7,651 shares of the business services provider’s stock worth $3,345,000 after buying an additional 300 shares during the period. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FDS shares. Wolfe Research started coverage on FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price target on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Stock Performance

Shares of FDS opened at $421.47 on Friday. The business’s fifty day simple moving average is $450.55 and its two-hundred day simple moving average is $454.98. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64. The company has a market cap of $16.07 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.57 and a beta of 0.72.

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

FactSet Research Systems Announces Dividend

The company also recently declared 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%.

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% 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.