Public Employees Retirement System of Ohio Increases Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Public Employees Retirement System of Ohio boosted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,229 shares of the business services provider's stock after purchasing an additional 1,029 shares during the period. Public Employees Retirement System of Ohio's holdings in FactSet Research Systems were worth $7,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FDS. Mount Yale Investment Advisors LLC increased its stake in FactSet Research Systems by 1.4% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock worth $755,000 after purchasing an additional 22 shares during the period. Allworth Financial LP increased its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after buying an additional 22 shares during the period. Private Trust Co. NA lifted its holdings in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock valued at $140,000 after buying an additional 22 shares in the last quarter. Kolinsky Wealth Management LLC boosted its position in FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after buying an additional 23 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in FactSet Research Systems by 2.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,214 shares of the business services provider's stock worth $583,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction on Monday, March 24th. The shares were 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 directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada restated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets lowered their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research note on Monday, March 24th. Finally, Morgan Stanley cut their target price 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. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $436.90.

FactSet Research Systems Stock Down 1.5%

FactSet Research Systems stock traded down $7.10 during trading hours on Friday, reaching $457.37. The stock had a trading volume of 551,516 shares, compared to its average volume of 292,625. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.93 and a beta of 0.88. The business's 50 day moving average price is $440.31 and its 200-day moving average price is $458.33. FactSet Research Systems Inc. has a 52 week low of $391.69 and a 52 week high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems's revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.22 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

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

About FactSet Research Systems

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.