Municipal Employees Retirement System of Michigan decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,230 shares of the business services provider’s stock after selling 3,280 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in FactSet Research Systems were worth $2,531,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its stake in FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares during the last quarter. Harfst & Associates Inc. acquired a new stake in shares of FactSet Research Systems during the first quarter worth about $199,000. Penobscot Investment Management Company Inc. raised its stake in shares of FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock worth $209,000 after buying an additional 33 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after buying an additional 50 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in FactSet Research Systems during the first quarter valued at approximately $238,000. 94.63% of the stock is owned by institutional investors.
FactSet Research Systems Inc. (FDS) traded up 0.03% during midday trading on Friday, reaching $158.78. The company’s stock had a trading volume of 237,296 shares. FactSet Research Systems Inc. has a 52 week low of $150.95 and a 52 week high of $183.64. The company’s 50-day moving average is $164.30 and its 200 day moving average is $167.96. The firm has a market capitalization of $6.23 billion, a P/E ratio of 18.51 and a beta of 0.95.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The firm had revenue of $312.12 million during the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. FactSet Research Systems’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.64 EPS. Analysts expect that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.41%. FactSet Research Systems’s payout ratio is currently 26.20%.
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Several research analysts have commented on FDS shares. BidaskClub downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a report on Tuesday, April 25th. Zacks Investment Research downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. UBS AG reaffirmed a “buy” rating and set a $146.00 price target (down previously from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Finally, Deutsche Bank AG began coverage on FactSet Research Systems in a research report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price target for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. FactSet Research Systems currently has a consensus rating of “Hold” and an average price target of $166.27.
In related news, Director Philip A. Hadley sold 43,842 shares of FactSet Research Systems stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the transaction, the director now owns 666,494 shares in the company, valued at approximately $109,218,371.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of FactSet Research Systems stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total transaction of $6,379,867.86. Following the transaction, the chairman now owns 666,494 shares in the company, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Insiders sold a total of 206,858 shares of company stock valued at $34,453,143 over the last ninety days. 2.70% of the stock is owned by corporate insiders.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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