First Financial Bank Trust Division Sells 115 Shares of FactSet Research Systems Inc. (NYSE:FDS)

First Financial Bank Trust Division lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,051 shares of the business services provider’s stock after selling 115 shares during the quarter. First Financial Bank Trust Division’s holdings in FactSet Research Systems were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDS. State Street Corp boosted its stake in FactSet Research Systems by 2.2% in the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after purchasing an additional 52,741 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of FactSet Research Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 373,386 shares of the business services provider’s stock valued at $171,702,000 after purchasing an additional 4,113 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in FactSet Research Systems by 9.3% in the 3rd quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after purchasing an additional 25,294 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Trading Down 0.8 %

NYSE FDS traded down $3.77 during trading on Thursday, hitting $476.51. The company had a trading volume of 176,764 shares, compared to its average volume of 264,566. The company’s fifty day moving average is $480.47 and its 200-day moving average is $447.70. FactSet Research Systems Inc. has a one year low of $391.84 and a one year 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 company has a market cap of $18.10 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the firm earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FDS. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. BMO Capital Markets decreased their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. 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 note on Thursday, December 12th. Finally, Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $453.46.

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.