Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,446 Shares of FactSet Research Systems Inc. $FDS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 52.0% during the fourth quarter, Holdings Channel reports. The firm owned 8,712 shares of the business services provider’s stock after selling 9,446 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FactSet Research Systems were worth $2,528,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FDS. Jones Financial Companies Lllp raised its holdings in shares of FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC raised its holdings in shares of FactSet Research Systems by 27.6% in the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock valued at $2,347,000 after purchasing an additional 707 shares during the period. 91.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FDS. Bank of America began coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price on the stock. Barclays dropped their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. The Goldman Sachs Group lowered their price target on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Royal Bank Of Canada lowered their price target on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, UBS Group lowered their price target on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $279.62.

FactSet Research Systems Stock Up 0.1%

FactSet Research Systems stock opened at $255.24 on Friday. The stock has a market cap of $9.30 billion, a P/E ratio of 16.41, a P/E/G ratio of 2.21 and a beta of 0.71. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $453.41. The company’s 50-day moving average price is $227.25 and its two-hundred day moving average price is $244.29.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million for the quarter, compared to analysts’ expectations of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.28 EPS. As a group, analysts expect that FactSet Research Systems Inc. will post 17.66 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.16 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is 29.84%.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.