FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,364 shares of the business services provider's stock after buying an additional 3,283 shares during the quarter. California State Teachers Retirement System owned 0.16% of FactSet Research Systems worth $29,472,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock worth $527,411,000 after buying an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 3.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider's stock worth $240,184,000 after buying an additional 16,522 shares during the period. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider's stock worth $240,653,000 after buying an additional 7,718 shares during the period. Invesco Ltd. boosted its stake in FactSet Research Systems by 17.2% during the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider's stock worth $219,079,000 after buying an additional 66,861 shares during the period. Finally, Northern Trust Corp boosted its stake in FactSet Research Systems by 13.9% during the fourth quarter. Northern Trust Corp now owns 398,180 shares of the business services provider's stock worth $191,238,000 after buying an additional 48,444 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares of the company's stock, valued at $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FDS has been the topic of several research reports. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $450.00 to $402.00 in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $436.90.

FactSet Research Systems Stock Performance

Shares of FDS traded down $8.20 during mid-day trading on Friday, reaching $457.37. 554,135 shares of the company's stock were exchanged, compared to its average volume of 292,203. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $17.36 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The business's fifty day simple moving average is $440.66 and its 200-day simple moving average is $458.14. FactSet Research Systems Inc. has a 52-week low of $391.69 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the firm posted $4.22 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a $1.10 dividend. The ex-dividend date is Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.96%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

FactSet Research Systems Company 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.