First Financial Bank Trust Division Sells 1,058 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 - Free Report) by 51.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 993 shares of the business services provider's stock after selling 1,058 shares during the quarter. First Financial Bank Trust Division's holdings in FactSet Research Systems were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $69,128,000. Point72 Asset Management L.P. purchased a new position in FactSet Research Systems in the fourth quarter valued at about $66,368,000. Geode Capital Management LLC grew its holdings in FactSet Research Systems by 9.4% during 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 during the period. Meridiem Capital Partners LP purchased a new stake in FactSet Research Systems in the fourth quarter worth $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at $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 NYSE:FDS traded down $8.20 during trading on Friday, hitting $457.37. The stock had a trading volume of 554,135 shares, compared to its average volume of 292,203. 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 PE ratio of 32.79, a PEG ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average is $440.66 and its 200 day moving average is $458.14.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $4.22 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.96%. 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. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.29%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. This trade represents a 89.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on FDS. BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company lowered FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. UBS Group cut their target price on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" 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 report on Monday, March 10th. Finally, Morgan Stanley cut 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 report on Friday, March 21st. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $436.90.

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.