Retirement Systems of Alabama cut its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,306 shares of the business services provider’s stock after selling 899 shares during the period. Retirement Systems of Alabama’s holdings in FactSet Research Systems were worth $4,693,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of FDS. New York Life Investment Management LLC raised its holdings in shares of FactSet Research Systems by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 5,380 shares of the business services provider’s stock valued at $2,159,000 after purchasing an additional 24 shares in the last quarter. Strong Tower Advisory Services boosted its holdings in shares of FactSet Research Systems by 0.8% in the 4th quarter. Strong Tower Advisory Services now owns 3,231 shares of the business services provider’s stock valued at $1,296,000 after buying an additional 25 shares in the last quarter. AE Wealth Management LLC grew its position in shares of FactSet Research Systems by 0.8% in the 4th quarter. AE Wealth Management LLC now owns 3,446 shares of the business services provider’s stock valued at $1,382,000 after buying an additional 26 shares during the last quarter. Ascent Group LLC raised its stake in FactSet Research Systems by 5.7% during the 3rd quarter. Ascent Group LLC now owns 538 shares of the business services provider’s stock worth $229,000 after acquiring an additional 29 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in FactSet Research Systems by 1.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,970 shares of the business services provider’s stock valued at $1,192,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.
FactSet Research Systems Price Performance
Shares of NYSE FDS opened at $440.42 on Thursday. FactSet Research Systems Inc. has a twelve month low of $377.89 and a twelve month high of $474.13. The business has a 50 day simple moving average of $402.59 and a 200-day simple moving average of $410.13. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.64 and a beta of 0.82.
FactSet Research Systems Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a dividend of $0.98 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.89. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Tuesday, May 30th. FactSet Research Systems’s payout ratio is currently 30.04%.
Insider Activity at FactSet Research Systems
In other FactSet Research Systems news, EVP Jonathan Reeve sold 783 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $404.82, for a total value of $316,974.06. Following the completion of the sale, the executive vice president now directly owns 92 shares in the company, valued at $37,243.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.97% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several analysts recently commented on the stock. SpectralCast reiterated an “initiates” rating on shares of FactSet Research Systems in a research report on Tuesday, May 9th. The Goldman Sachs Group upped their price objective on FactSet Research Systems from $365.00 to $380.00 in a report on Thursday, June 22nd. BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $424.00 to $419.00 in a research note on Monday, June 26th. 22nd Century Group reiterated a “maintains” rating on shares of FactSet Research Systems in a research report on Tuesday, June 27th. Finally, Bank of America began coverage on shares of FactSet Research Systems in a research note on Thursday, June 15th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $441.50.
FactSet Research Systems Company Profile
FactSet Research Systems Inc, a financial data and analytics 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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