FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,887 shares of the business services provider's stock after selling 635 shares during the quarter. FactSet Research Systems comprises approximately 1.5% of Bath Savings Trust Co's investment portfolio, making the stock its 22nd biggest position. Bath Savings Trust Co owned 0.08% of FactSet Research Systems worth $14,042,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FDS. JPMorgan Chase & Co. grew its stake in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after buying an additional 52,741 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $5,882,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in FactSet Research Systems by 5.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,814 shares of the business services provider's stock valued at $9,094,000 after buying an additional 932 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in FactSet Research Systems by 35.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 23,718 shares of the business services provider's stock valued at $11,420,000 after buying an additional 6,207 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in FactSet Research Systems by 44.4% during the fourth quarter. American Century Companies Inc. now owns 15,493 shares of the business services provider's stock worth $7,441,000 after purchasing an additional 4,763 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. BMO Capital Markets lowered their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a report on Monday, March 24th. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Hold" and an average target price of $440.22.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares of the company's stock, valued at approximately $19,084.12. This represents a 89.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $8.20 during mid-day trading on Friday, hitting $457.37. 554,135 shares of the company were exchanged, compared to its average volume of 291,057. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87. The company has a market capitalization of $17.36 billion, a P/E ratio of 32.79, a PEG ratio of 2.93 and a beta of 0.88. The business's 50 day simple moving average is $440.66 and its two-hundred day simple moving average is $457.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the company earned $4.22 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. Analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.96%. FactSet Research Systems's dividend payout ratio is 31.29%.

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.