Retirement Systems of Alabama cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 61,667 shares of the business services provider’s stock after selling 214 shares during the period. Retirement Systems of Alabama’s holdings in FactSet Research Systems were worth $10,248,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after buying an additional 3,126,593 shares during the period. Vanguard Group Inc. increased its stake in FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock valued at $586,142,000 after buying an additional 103,458 shares during the period. Bares Capital Management Inc. increased its stake in FactSet Research Systems by 16.8% in the first quarter. Bares Capital Management Inc. now owns 609,909 shares of the business services provider’s stock valued at $100,580,000 after buying an additional 87,766 shares during the period. Wells Fargo & Company MN increased its stake in FactSet Research Systems by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,153,875 shares of the business services provider’s stock valued at $355,196,000 after buying an additional 87,664 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in FactSet Research Systems by 95.0% in the first quarter. Parametric Portfolio Associates LLC now owns 178,485 shares of the business services provider’s stock valued at $29,434,000 after buying an additional 86,937 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Shares of FactSet Research Systems Inc. (NYSE FDS) opened at 158.78 on Friday. The company has a market capitalization of $6.23 billion, a P/E ratio of 18.51 and a beta of 0.95. The stock’s 50 day moving average is $164.30 and its 200 day moving average is $167.96. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. FactSet Research Systems had a net margin of 29.02% and a return on equity of 55.72%. FactSet Research Systems’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $1.64 EPS. Equities analysts expect that FactSet Research Systems Inc. will post $7.30 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.41%. FactSet Research Systems’s payout ratio is 26.20%.

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FDS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub raised shares of FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Deutsche Bank AG initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, May 10th. They set a “hold” rating and a $160.00 target price for the company. Finally, UBS AG reissued a “buy” rating and set a $146.00 target price (down from $150.00) on shares of FactSet Research Systems in a research report on Friday, June 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $166.27.

In related news, Director Philip A. Hadley sold 100,017 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $168.99, for a total value of $16,901,872.83. Following the completion of the transaction, the director now directly owns 761,436 shares in the company, valued at approximately $128,675,069.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total transaction of $166,000.00. Following the completion of the transaction, the director now owns 9,000 shares of the company’s stock, valued at $1,494,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,858 shares of company stock valued at $34,453,143. 2.70% of the stock is owned by company insiders.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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

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