FactSet Research Systems Inc. (NYSE:FDS) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,048 shares of the business services provider’s stock after purchasing an additional 149 shares during the period. Arizona State Retirement System’s holdings in FactSet Research Systems were worth $5,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $34,000. Brooklyn Investment Group acquired a new position in FactSet Research Systems in the third quarter valued at $35,000. Allworth Financial LP lifted its holdings in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares during the period. Coastline Trust Co acquired a new stake in shares of FactSet Research Systems during the 3rd quarter worth $78,000. Finally, Continuum Advisory LLC increased its stake in FactSet Research Systems by 5,200.0% during the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.2 %

FDS stock opened at $440.67 on Friday. The firm’s 50-day moving average is $462.37 and its two-hundred day moving average is $463.08. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the previous year, the company earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced 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. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. UBS Group lifted their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on FactSet Research Systems from $500.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Morgan Stanley lifted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $449.38.

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.