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Illinois Municipal Retirement Fund Cuts Stock Position in FactSet Research Systems Inc. $FDS
The Illinois Municipal Retirement Fund significantly reduced its stake in FactSet Research Systems Inc. by 67.9% in the third quarter, selling 11,755 shares and retaining 5,549 shares. This move follows insider selling by two directors in January, who each sold over 2,500 shares. Despite these reductions, FactSet recently reported strong quarterly earnings, beating estimates, and announced a new $600 million share buyback program and a $1.10 quarterly dividend.