FactSet Research Systems Inc. $FDS Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in FactSet Research Systems by 15.0% during the first quarter, selling 1,900 shares to hold a total of 10,739 shares worth approximately $4.88 million.
• Insider transactions showed significant stock sales, with CAO Gregory T. Moskoff selling 2,500 shares and EVP Christopher R. Ellis selling 7,606 shares, indicating a decrease in their ownership positions by 98.27% and 24.10% respectively.
• FactSet recently announced a quarterly dividend of $1.10, reflecting an annualized dividend yield of 1.2% and a payout ratio of 31.79%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,739 shares of the business services provider's stock after selling 1,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in FactSet Research Systems were worth $4,882,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FDS. Tokio Marine Asset Management Co. Ltd. grew its holdings in FactSet Research Systems by 4.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,096 shares of the business services provider's stock valued at $498,000 after buying an additional 46 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after buying an additional 84 shares in the last quarter. S Bank Fund Management Ltd purchased a new stake in FactSet Research Systems in the 1st quarter valued at $393,000. Russell Investments Group Ltd. grew its holdings in FactSet Research Systems by 35.8% in the 1st quarter. Russell Investments Group Ltd. now owns 42,469 shares of the business services provider's stock valued at $19,290,000 after buying an additional 11,197 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in FactSet Research Systems by 34.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 16,041 shares of the business services provider's stock valued at $7,259,000 after buying an additional 4,150 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 0.3%

Shares of FactSet Research Systems stock traded up $1.09 during trading hours on Monday, hitting $370.71. The company's stock had a trading volume of 465,027 shares, compared to its average volume of 394,161. FactSet Research Systems Inc. has a twelve month low of $365.76 and a twelve month high of $499.87. The firm has a fifty day moving average of $419.56 and a 200-day moving average of $435.75. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period in the previous year, the company posted $4.37 EPS. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.2%. FactSet Research Systems's dividend payout ratio is presently 31.79%.

Analyst Ratings Changes

Several analysts have issued reports on FDS shares. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets upped their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, FactSet Research Systems has a consensus rating of "Hold" and a consensus price target of $444.25.

Insider Buying and Selling

In related news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,031 shares of company stock valued at $5,825,481. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems 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.