FactSet Research Systems Inc. (NYSE:FDS) Holdings Decreased by Rockland Trust Co.

Rockland Trust Co. lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the business services provider’s stock after selling 57 shares during the quarter. Rockland Trust Co.’s holdings in FactSet Research Systems were worth $358,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $30,000. Gladius Capital Management LP acquired a new stake in FactSet Research Systems during the second quarter valued at approximately $33,000. SJS Investment Consulting Inc. boosted its stake in shares of FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of FactSet Research Systems by 69.5% in the second quarter. Blue Trust Inc. now owns 139 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 57 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Down 1.2 %

Shares of NYSE FDS traded down $4.89 during mid-day trading on Thursday, hitting $407.54. 61,898 shares of the stock traded hands, compared to its average volume of 255,962. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The stock has a fifty day moving average price of $413.74 and a 200-day moving average price of $433.61. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.44 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same quarter last year, the company earned $3.79 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that FactSet Research Systems Inc. will post 16.29 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,330,666.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,432 shares of company stock valued at $5,117,216. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FDS. Royal Bank of Canada reissued a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Morgan Stanley boosted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Jefferies Financial Group dropped their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Finally, Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and an average price target of $432.27.

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.