State Board of Administration of Florida Retirement System grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,254 shares of the business services provider’s stock after acquiring an additional 620 shares during the period. State Board of Administration of Florida Retirement System owned about 0.12% of FactSet Research Systems worth $8,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in FactSet Research Systems by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 169,896 shares of the business services provider’s stock worth $33,880,000 after acquiring an additional 3,810 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of FactSet Research Systems by 3.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 149,330 shares of the business services provider’s stock valued at $29,582,000 after buying an additional 5,108 shares in the last quarter. Virginia Retirement Systems ET AL boosted its holdings in shares of FactSet Research Systems by 110.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 8,200 shares of the business services provider’s stock valued at $1,624,000 after buying an additional 4,300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of FactSet Research Systems by 5.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,093,043 shares of the business services provider’s stock valued at $217,976,000 after buying an additional 60,151 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of FactSet Research Systems by 6.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,224 shares of the business services provider’s stock valued at $2,633,000 after buying an additional 822 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Shares of FDS traded up $0.91 during mid-day trading on Friday, reaching $235.09. 184,592 shares of the stock traded hands, compared to its average volume of 197,736. FactSet Research Systems Inc. has a 12-month low of $160.40 and a 12-month high of $237.29. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $8.92 billion, a P/E ratio of 28.23, a P/E/G ratio of 2.28 and a beta of 0.99.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, June 26th. The business services provider reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.05. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $339.65 million. FactSet Research Systems had a net margin of 19.37% and a return on equity of 55.91%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. equities analysts expect that FactSet Research Systems Inc. will post 8.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 35.02%.

In related news, CFO Maurizio Nicolelli sold 10,487 shares of FactSet Research Systems stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $203.89, for a total transaction of $2,138,194.43. Following the sale, the chief financial officer now directly owns 11,352 shares in the company, valued at $2,314,559.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip A. Hadley sold 70,000 shares of the business’s stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $203.63, for a total transaction of $14,254,100.00. Following the completion of the sale, the director now owns 651,191 shares in the company, valued at $132,602,023.33. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Several research firms recently commented on FDS. Zacks Investment Research upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Wednesday, May 30th. ValuEngine upgraded shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Cantor Fitzgerald reiterated a “hold” rating and issued a $203.00 price target on shares of FactSet Research Systems in a report on Tuesday, June 26th. Stifel Nicolaus increased their price target on shares of FactSet Research Systems from $184.00 to $188.00 and gave the company a “hold” rating in a report on Wednesday, June 27th. Finally, Morgan Stanley increased their price objective on shares of FactSet Research Systems from $192.00 to $194.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $199.31.

FactSet Research Systems Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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