Central Pacific Bank Trust Division Trims Position in FactSet Research Systems Inc. (NYSE:FDS)

Central Pacific Bank Trust Division decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,463 shares of the business services provider’s stock after selling 77 shares during the quarter. Central Pacific Bank Trust Division’s holdings in FactSet Research Systems were worth $703,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FDS. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems in the third quarter worth about $26,000. Quest Partners LLC grew its holdings in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems in the third quarter worth $35,000. Finally, Federated Hermes Inc. bought a new position in shares of FactSet Research Systems during the second quarter worth $52,000. Institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on FDS shares. Evercore ISI started coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Morgan Stanley increased their target price 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, Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $475.06 on Friday. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $499.87. 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 firm has a 50-day moving average price of $481.27 and a 200-day moving average price of $448.38. The firm has a market capitalization of $18.05 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

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

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.88%. FactSet Research Systems’s payout ratio is 29.82%.

Insider Transactions at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

About FactSet Research Systems

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.