New York State Teachers Retirement System continued to hold its stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, Holdings Channel reports. The firm owned 67,479 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in FactSet Research Systems were worth $10,892,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Atria Investments LLC bought a new stake in shares of FactSet Research Systems during the second quarter valued at about $216,000. Parametrica Management Ltd bought a new stake in shares of FactSet Research Systems during the second quarter valued at about $219,000. Creative Planning boosted its stake in shares of FactSet Research Systems by 0.7% in the second quarter. Creative Planning now owns 1,660 shares of the company’s stock valued at $268,000 after buying an additional 11 shares during the period. Mariner Wealth Advisors LLC boosted its stake in shares of FactSet Research Systems by 24.2% in the first quarter. Mariner Wealth Advisors LLC now owns 2,025 shares of the company’s stock valued at $307,000 after buying an additional 395 shares during the period. Finally, Middleton & Co Inc MA boosted its stake in shares of FactSet Research Systems by 1.3% in the second quarter. Middleton & Co Inc MA now owns 1,987 shares of the company’s stock valued at $321,000 after buying an additional 25 shares during the period. 94.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 0.68% on Friday, hitting $178.57. 315,787 shares of the stock traded hands. FactSet Research Systems Inc. has a 52 week low of $135.95 and a 52 week high of $183.17. The stock has a 50-day moving average price of $176.71 and a 200 day moving average price of $162.00. The firm has a market cap of $7.26 billion, a P/E ratio of 28.99 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.03. FactSet Research Systems had a net margin of 23.30% and a return on equity of 47.11%. The company earned $287.50 million during the quarter. During the same quarter in the previous year, the business earned $1.46 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post $6.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. FactSet Research Systems’s payout ratio is currently 32.47%.
FDS has been the subject of several recent research reports. Barclays PLC boosted their price target on FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Zacks Investment Research cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Morgan Stanley reiterated a “hold” rating and issued a $161.00 price target on shares of FactSet Research Systems in a research note on Thursday, June 30th. Cantor Fitzgerald reiterated a “hold” rating on shares of FactSet Research Systems in a research note on Wednesday, June 29th. Finally, Bank of America Corp. set a $185.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $170.56.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total value of $165,000.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $412,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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