Bath Savings Trust Co Cuts Position in FactSet Research Systems Inc. (NYSE:FDS)

Bath Savings Trust Co trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 31,522 shares of the business services provider’s stock after selling 235 shares during the period. FactSet Research Systems makes up approximately 1.5% of Bath Savings Trust Co’s portfolio, making the stock its 22nd largest holding. Bath Savings Trust Co’s holdings in FactSet Research Systems were worth $15,139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FDS. State Street Corp increased its position in FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock worth $226,867,000 after purchasing an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FactSet Research Systems by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock worth $171,702,000 after purchasing an additional 4,113 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after purchasing an additional 59,173 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS traded down $1.44 during trading hours on Tuesday, hitting $464.59. 100,960 shares of the company’s stock traded hands, compared to its average volume of 183,387. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The firm has a market capitalization of $17.65 billion, a P/E ratio of 33.42, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $481.41 and its two-hundred day moving average price is $449.37.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the previous year, the firm posted $4.12 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FDS shares. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Morgan Stanley increased their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Finally, UBS Group boosted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Company 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.