State of New Jersey Common Pension Fund D Reduces Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

State of New Jersey Common Pension Fund D trimmed its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,331 shares of the business services provider’s stock after selling 184 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in FactSet Research Systems were worth $6,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in FactSet Research Systems by 581.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 150 shares of the business services provider’s stock worth $69,000 after purchasing an additional 128 shares during the period. Vontobel Holding Ltd. grew its stake in shares of FactSet Research Systems by 10.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,323 shares of the business services provider’s stock worth $608,000 after purchasing an additional 125 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of FactSet Research Systems by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,820 shares of the business services provider’s stock valued at $1,757,000 after purchasing an additional 69 shares during the period. Blue Trust Inc. boosted its holdings in FactSet Research Systems by 64.0% during the third quarter. Blue Trust Inc. now owns 228 shares of the business services provider’s stock worth $105,000 after buying an additional 89 shares in the last quarter. Finally, Raymond James & Associates grew its position in FactSet Research Systems by 4.8% during the third quarter. Raymond James & Associates now owns 116,556 shares of the business services provider’s stock valued at $53,598,000 after buying an additional 5,381 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, UBS Group lifted their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $453.23.

FactSet Research Systems Trading Up 0.8 %

Shares of FDS stock opened at $459.64 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $17.48 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77. The company has a 50-day moving average of $470.79 and a two-hundred day moving average of $458.89. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 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 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.12 earnings per share. On average, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

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.