Public Employees Retirement Association of Colorado Has $1.81 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Public Employees Retirement Association of Colorado decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,974 shares of the business services provider’s stock after selling 251 shares during the period. Public Employees Retirement Association of Colorado’s holdings in FactSet Research Systems were worth $1,806,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in FactSet Research Systems by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock worth $115,752,000 after buying an additional 10,727 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of FactSet Research Systems by 6.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after acquiring an additional 20,787 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $2,024,000. abrdn plc grew its stake in shares of FactSet Research Systems by 17.4% in the 4th quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock worth $32,874,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $8,833,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FDS. Wolfe Research began coverage on shares of FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 target price for the company. Morgan Stanley increased their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Jefferies Financial Group reduced their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Finally, Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $432.00.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $408.98, for a total transaction of $1,226,940.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,281,976.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert J. Robie sold 4,336 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the completion of the transaction, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,089 shares of company stock valued at $11,467,578. 1.00% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $411.30 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $15.65 billion, a PE ratio of 31.02, a P/E/G ratio of 2.48 and a beta of 0.75. FactSet Research Systems Inc. has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a 50-day moving average price of $417.23 and a two-hundred day moving average price of $440.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. The firm had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.79 earnings per share. Equities analysts forecast that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were paid a $1.04 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

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.