New York State Common Retirement Fund Has $11.20 Million Holdings in FactSet Research Systems Inc. (NYSE:FDS)

New York State Common Retirement Fund decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,627 shares of the business services provider's stock after selling 13,300 shares during the period. New York State Common Retirement Fund owned about 0.06% of FactSet Research Systems worth $11,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems during the fourth quarter worth $29,000. American National Bank & Trust acquired a new position in FactSet Research Systems in the 1st quarter valued at approximately $44,000. Golden State Wealth Management LLC increased its position in shares of FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after buying an additional 88 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in FactSet Research Systems by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 118 shares of the business services provider's stock worth $54,000 after acquiring an additional 28 shares in the last quarter. Finally, CX Institutional bought a new position in FactSet Research Systems during the first quarter worth $60,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $3.92 during trading on Friday, reaching $432.65. The company had a trading volume of 421,308 shares, compared to its average volume of 296,444. The firm's 50-day simple moving average is $444.72 and its 200 day simple moving average is $445.92. FactSet Research Systems Inc. has a 1-year low of $391.69 and a 1-year high of $499.87. The firm has a market capitalization of $16.36 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 2.82 and a beta of 0.84. 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 announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.37 earnings per share. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems 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 of the company's stock, valued at $19,474.40. The trade was a 98.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock worth $5,825,481 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FDS has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $444.25.

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.