Teacher Retirement System of Texas reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,500 shares of the business services provider’s stock after selling 27 shares during the period. Teacher Retirement System of Texas’ holdings in FactSet Research Systems were worth $1,745,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SRS Capital Advisors Inc. boosted its position in shares of 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 worth $147,000 after buying an additional 132 shares during the period. Harfst & Associates Inc. bought a new position in shares of FactSet Research Systems during the first quarter worth about $199,000. Penobscot Investment Management Company Inc. boosted its position 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 during the period. Suntrust Banks Inc. boosted its position 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 during the period. Finally, Quantbot Technologies LP bought a new position in shares of FactSet Research Systems during the first quarter worth about $238,000. 94.97% of the stock is owned by institutional investors.
Shares of FactSet Research Systems Inc. (FDS) opened at 159.02 on Friday. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 18.54 and a beta of 0.95. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64. The stock has a 50 day moving average of $163.44 and a 200 day moving average of $167.54.
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 analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. The business had revenue of $312.12 million for the quarter, compared to the consensus estimate of $314.14 million. During the same period in the previous year, the firm earned $1.64 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be issued a $0.56 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.41%. FactSet Research Systems’s payout ratio is currently 26.20%.
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FDS has been the subject of a number of research analyst reports. UBS AG reaffirmed a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a report on Friday, June 9th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 target price on shares of FactSet Research Systems in a report on Tuesday, July 25th. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Deutsche Bank AG initiated coverage on shares of FactSet Research Systems in a report on Wednesday, May 10th. They issued a “hold” rating and a $160.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $166.27.
In other news, Director Philip A. Hadley sold 43,842 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 666,494 shares in the company, valued at $109,218,371.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the business’s stock in a transaction that occurred 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 sale, 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 worth $34,453,143 over the last quarter. Insiders own 2.70% of the company’s stock.
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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