FactSet Research Systems Inc. (FDS) Holdings Cut by First Financial Bank Trust Division

First Financial Bank Trust Division cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Other hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $27,000. CWM LLC lifted its position in FactSet Research Systems by 88.4% during the fourth quarter. CWM LLC now owns 162 shares of the business services provider’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. Global Retirement Partners LLC lifted its position in FactSet Research Systems by 114.0% during the fourth quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock worth $40,000 after acquiring an additional 106 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $45,000. Finally, Riverview Trust Co acquired a new stake in FactSet Research Systems during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Several equities research analysts have issued reports on the stock. Piper Jaffray Companies raised their price objective on shares of FactSet Research Systems from $211.00 to $262.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Deutsche Bank raised their target price 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. Morgan Stanley raised their target price on shares of FactSet Research Systems from $211.00 to $220.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. DA Davidson lifted their price objective on shares of FactSet Research Systems to $214.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Finally, Cantor Fitzgerald boosted their target price on shares of FactSet Research Systems from $209.00 to $240.00 and gave the stock a “neutral” rating in a research note 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’s stock. The company presently has an average rating of “Hold” and an average target price of $236.18.

Shares of NYSE:FDS opened at $265.73 on Thursday. The firm has a market cap of $10.20 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 2.69 and a beta of 1.11. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.96. FactSet Research Systems Inc. has a 52 week low of $184.48 and a 52 week high of $268.61.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. The company had revenue of $354.90 million for the quarter, compared to analyst estimates of $356.46 million. FactSet Research Systems had a net margin of 22.45% and a return on equity of 64.58%. FactSet Research Systems’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Equities analysts anticipate that FactSet Research Systems Inc. will post 9.59 earnings per share for the current year.

In related news, EVP Robert J. Robie sold 10,459 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were 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 owns 4,331 shares in the company, valued at $1,045,243.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 1,182 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $218.62, for a total transaction of $258,408.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,006 shares of company stock worth $3,357,131. 2.30% of the stock is owned by company insiders.

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FactSet Research Systems Company Profile

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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