First Hawaiian Bank Has $1.90 Million Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

First Hawaiian Bank cut its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 50.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,175 shares of the business services provider's stock after selling 4,234 shares during the quarter. First Hawaiian Bank's holdings in FactSet Research Systems were worth $1,898,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at $69,128,000. Point72 Asset Management L.P. purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at $66,368,000. Geode Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Meridiem Capital Partners LP purchased a new stake in shares of FactSet Research Systems in the fourth quarter valued at $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in FactSet Research Systems in the 4th quarter worth about $39,284,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 1.8%

Shares of FDS traded down $8.20 during midday trading on Friday, reaching $457.37. 554,135 shares of the stock were exchanged, compared to its average volume of 291,057. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 2.93 and a beta of 0.88. The firm has a 50 day simple moving average of $440.66 and a 200-day simple moving average of $457.92. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.69 and a 12-month high of $499.87.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This is a positive change from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

FDS has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on 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 reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Wells Fargo & Company lowered shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating for the company in a research report on Monday, March 24th. Finally, UBS Group cut their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and five have given 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 price target of $440.22.

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.