State of New Jersey Common Pension Fund D Has $5.43 Million Position in FactSet Research Systems Inc. $FDS

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in FactSet Research Systems Inc. by 10.4%, now holding 11,939 shares worth approximately $5.43 million.
• Insider trading activity included a significant selling action by CAO Gregory T. Moskoff, who sold 2,500 shares for over $1.1 million, reflecting a 98.27% decrease in his position.
• FactSet Research Systems has declared a quarterly dividend of $1.10 payable on September 18, resulting in an annualized payout of $4.40 and a yield of 1.2%.

State of New Jersey Common Pension Fund D reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,939 shares of the business services provider's stock after selling 1,392 shares during the period. State of New Jersey Common Pension Fund D's holdings in FactSet Research Systems were worth $5,428,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. SouthState Corp increased its position in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after acquiring an additional 84 shares in the last quarter. American National Bank & Trust acquired a new stake in FactSet Research Systems in the first quarter valued at approximately $44,000. Finally, Bank of Jackson Hole Trust lifted its stake in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 in the last ninety days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on FDS. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average price target of $444.25.

FactSet Research Systems Trading Up 0.3%

FactSet Research Systems stock opened at $370.71 on Tuesday. FactSet Research Systems Inc. has a 52 week low of $365.76 and a 52 week high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $14.02 billion, a PE ratio of 26.79, a PEG ratio of 2.41 and a beta of 0.83. The business's 50-day simple moving average is $419.56 and its 200-day simple moving average is $435.75.

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

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. FactSet Research Systems's dividend payout ratio is 31.79%.

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.

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