Hancock Whitney Corp Reduces Position in FactSet Research Systems Inc. (NYSE:FDS)

Hancock Whitney Corp lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 98.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 495 shares of the business services provider's stock after selling 28,151 shares during the period. Hancock Whitney Corp's holdings in FactSet Research Systems were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FDS. Vanguard Group Inc. lifted its holdings in FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider's stock valued at $2,077,267,000 after acquiring an additional 11,974 shares during the period. Ninety One UK Ltd boosted its holdings in shares of FactSet Research Systems by 0.9% in the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider's stock worth $496,645,000 after buying an additional 10,928 shares during the last quarter. PineStone Asset Management Inc. grew its position in FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock valued at $111,447,000 after buying an additional 94,952 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 3.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider's stock valued at $120,178,000 after buying an additional 9,925 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its position in FactSet Research Systems by 1.4% in the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider's stock worth $102,079,000 after acquiring an additional 3,485 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, August 1st. The stock was 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 in the company, valued at approximately $5,330,666.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 9,000 shares of company stock worth $3,714,960 over the last ninety days. Company insiders own 1.00% of the company's stock.

FactSet Research Systems Price Performance

FDS traded down $5.96 during trading on Wednesday, hitting $457.81. 301,663 shares of the company traded hands, compared to its average volume of 269,601. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.42 billion, a PE ratio of 34.53, a P/E/G ratio of 3.11 and a beta of 0.75. The stock's 50-day simple moving average is $422.90 and its two-hundred day simple moving average is $428.07. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million for the quarter, compared to analysts' expectations of $547.06 million. During the same period in the previous year, the firm posted $2.93 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems's dividend payout ratio is currently 31.37%.

Analyst Ratings Changes

FDS has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a "market perform" rating in a research report on Friday, September 20th. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a report on Friday, September 20th. Jefferies Financial Group decreased their price objective on FactSet Research Systems from $455.00 to $378.00 and set a "hold" rating on the stock in a research note on Wednesday, June 5th. Royal Bank of Canada boosted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a "sector perform" rating in a research note on Friday, September 20th. Finally, UBS Group increased their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $446.67.

FactSet Research Systems Company Profile

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.