Maryland State Retirement & Pension System Sells 68 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Maryland State Retirement & Pension System reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,105 shares of the business services provider’s stock after selling 68 shares during the period. Maryland State Retirement & Pension System’s holdings in FactSet Research Systems were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of FactSet Research Systems during the third quarter worth about $35,000. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Continuum Advisory LLC grew its holdings in FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after buying an additional 156 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in FactSet Research Systems by 19.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock valued at $99,000 after buying an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $102,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDS has been the subject of several research analyst reports. UBS Group cut their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets decreased their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley cut their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Finally, Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $450.00 to $402.00 in a report on Friday. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $441.00.

FactSet Research Systems Stock Performance

NYSE FDS opened at $433.01 on Monday. The business’s 50 day moving average price is $455.49 and its 200-day moving average price is $464.69. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a market cap of $16.47 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.22 earnings per share. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

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.