State of New Jersey Common Pension Fund D Cuts Stake in FactSet Research Systems Inc. (NYSE:FDS)

State of New Jersey Common Pension Fund D decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,515 shares of the business services provider’s stock after selling 564 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FactSet Research Systems were worth $6,215,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the third quarter valued at $26,000. UMB Bank n.a. lifted its stake in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC increased its position in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in FactSet Research Systems in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FDS stock opened at $481.80 on Tuesday. The firm has a market cap of $18.30 billion, a P/E ratio of 34.66, a P/E/G ratio of 3.16 and a beta of 0.75. The stock’s 50 day simple moving average is $456.67 and its 200 day simple moving average is $431.86. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. FactSet Research Systems’s payout ratio is 29.93%.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,362 shares of company stock valued at $11,450,695. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FDS. Royal Bank of Canada boosted their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Evercore ISI started coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Stifel Nicolaus upped their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $443.57.

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.