First Financial Bank Trust Division Lowers Position in FactSet Research Systems Inc. (FDS)

First Financial Bank Trust Division lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,491 shares of the business services provider’s stock after selling 65 shares during the period. First Financial Bank Trust Division’s holdings in FactSet Research Systems were worth $866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Great Lakes Advisors LLC boosted its holdings in shares of FactSet Research Systems by 0.5% in the third quarter. Great Lakes Advisors LLC now owns 9,165 shares of the business services provider’s stock worth $2,050,000 after buying an additional 50 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in shares of FactSet Research Systems by 6.7% in the third quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock worth $179,000 after buying an additional 50 shares during the period. Mission Wealth Management LP boosted its holdings in shares of FactSet Research Systems by 3.8% in the fourth quarter. Mission Wealth Management LP now owns 1,632 shares of the business services provider’s stock worth $327,000 after buying an additional 59 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of FactSet Research Systems by 3.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,044 shares of the business services provider’s stock worth $409,000 after buying an additional 63 shares during the period. Finally, Penobscot Investment Management Company Inc. boosted its holdings in shares of FactSet Research Systems by 5.2% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 1,405 shares of the business services provider’s stock worth $281,000 after buying an additional 70 shares during the period. 92.16% of the stock is currently owned by institutional investors.

In related news, EVP Robert J. Robie sold 10,459 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $241.34, for a total value of $2,524,175.06. Following the transaction, the executive vice president now directly owns 4,331 shares of the company’s stock, valued at $1,045,243.54. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 1,182 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $236.63, for a total value of $279,696.66. Following the sale, the chief executive officer now owns 4,870 shares of the company’s stock, valued at approximately $1,152,388.10. The disclosure for this sale can be found here. Insiders sold 14,006 shares of company stock worth $3,357,131 over the last ninety days. 2.30% of the stock is currently owned by insiders.

Shares of FDS stock traded down $1.81 on Wednesday, reaching $261.71. The company had a trading volume of 1,593 shares, compared to its average volume of 271,401. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.45 and a quick ratio of 2.45. The stock has a market cap of $10.01 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. FactSet Research Systems Inc. has a 12 month low of $184.48 and a 12 month high of $265.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. FactSet Research Systems had a return on equity of 64.58% and a net margin of 22.45%. The company had revenue of $354.90 million during the quarter, compared to analysts’ expectations of $356.46 million. During the same period in the prior year, the business posted $2.12 EPS. FactSet Research Systems’s revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Thursday, February 28th were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, February 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.

FDS has been the subject of several research reports. Morgan Stanley decreased their price target on shares of FactSet Research Systems from $207.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Deutsche Bank raised their price target on shares of FactSet Research Systems from $217.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, March 27th. Zacks Investment Research upgraded shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Cantor Fitzgerald restated a “hold” rating and set a $209.00 price target on shares of FactSet Research Systems in a report on Sunday, January 13th. Finally, DA Davidson raised their price target on shares of FactSet Research Systems to $214.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and an average target price of $236.18.

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About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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