State Board of Administration of Florida Retirement System lessened its holdings in shares of FactSet (NYSE:FDS) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,634 shares of the business services provider’s stock after selling 2,546 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of FactSet worth $8,701,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of FactSet by 723.4% during the 4th quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 897 shares during the last quarter. Lake Street Advisors Group LLC bought a new stake in shares of FactSet during the 4th quarter valued at about $205,000. Checchi Capital Advisers LLC bought a new stake in shares of FactSet during the 4th quarter valued at about $205,000. Dumont & Blake Investment Advisors LLC bought a new stake in shares of FactSet during the 4th quarter valued at about $208,000. Finally, Delaney Dennis R bought a new stake in shares of FactSet during the 4th quarter valued at about $213,000. Hedge funds and other institutional investors own 91.42% of the company’s stock.
NYSE:FDS opened at $197.63 on Monday. The company has a market capitalization of $7.71 billion, a P/E ratio of 27.04, a PEG ratio of 2.06 and a beta of 0.96. FactSet has a 1-year low of $155.09 and a 1-year high of $217.36. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Thursday, May 31st will be given a $0.64 dividend. This is an increase from FactSet’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $2.56 dividend on an annualized basis and a yield of 1.30%. FactSet’s payout ratio is presently 30.64%.
FactSet declared that its Board of Directors has approved a share buyback program on Tuesday, March 27th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on FactSet from $179.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. UBS lifted their price target on FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research report on Wednesday, March 28th. Stifel Nicolaus lifted their price target on FactSet from $169.00 to $184.00 and gave the company a “hold” rating in a research report on Wednesday, March 28th. Piper Jaffray Companies reiterated a “hold” rating and set a $197.00 price target on shares of FactSet in a research report on Wednesday, March 28th. Finally, Zacks Investment Research downgraded FactSet from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. FactSet has a consensus rating of “Hold” and an average target price of $196.15.
In other FactSet news, Director Scott A. Billeadeau sold 1,500 shares of FactSet stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately $98,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 5,675 shares of FactSet stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $198.00, for a total value of $1,123,650.00. Following the completion of the transaction, the chief financial officer now directly owns 9,129 shares in the company, valued at $1,807,542. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.
FactSet Company 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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