Teacher Retirement System of Texas Acquires New Stake in FactSet Research Systems Inc. (NYSE:FDS)

Teacher Retirement System of Texas acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,560 shares of the business services provider's stock, valued at approximately $2,528,000.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in FactSet Research Systems during the 4th quarter valued at about $26,338,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of FactSet Research Systems by 7.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,338 shares of the business services provider's stock worth $7,847,000 after purchasing an additional 1,097 shares during the period. Daiwa Securities Group Inc. boosted its position in FactSet Research Systems by 2.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,128 shares of the business services provider's stock valued at $4,384,000 after buying an additional 185 shares during the last quarter. Independent Advisor Alliance acquired a new position in FactSet Research Systems in the 4th quarter worth approximately $211,000. Finally, Wealthfront Advisers LLC increased its holdings in FactSet Research Systems by 4,104.5% in the 4th quarter. Wealthfront Advisers LLC now owns 76,438 shares of the business services provider's stock worth $36,712,000 after buying an additional 74,620 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Stock Performance

FDS traded down $3.83 on Friday, reaching $446.16. The stock had a trading volume of 232,216 shares, compared to its average volume of 294,004. The business's 50-day moving average price is $445.23 and its two-hundred day moving average price is $447.89. The company has a market cap of $16.87 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.94 and a beta of 0.84. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

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 the consensus estimate of $4.30 by ($0.03). The business had revenue of $585.52 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.37 EPS. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were paid a $1.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a yield of 0.99%. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FDS shares. Evercore ISI decreased their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Finally, Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $444.25.

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.