FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division cut its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 59.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,540 shares of the business services provider's stock after selling 2,269 shares during the quarter. Central Pacific Bank Trust Division's holdings in FactSet Research Systems were worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider's stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC boosted its position in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider's stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems in the 2nd quarter worth $33,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider's stock worth $36,000 after purchasing an additional 66 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now directly owns 5,283 shares in the company, valued at approximately $2,413,432.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business's 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 sale, the chief executive officer now owns 12,915 shares of the company's stock, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock worth $12,688,945 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded down $2.09 during trading on Friday, reaching $457.00. 178,940 shares of the company traded hands, compared to its average volume of 267,024. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a 12-month low of $391.84 and a 12-month high of $488.64. The firm's fifty day simple moving average is $427.81 and its 200 day simple moving average is $427.74. The stock has a market cap of $17.38 billion, a P/E ratio of 34.46, a PEG ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the previous year, the business earned $2.93 EPS. FactSet Research Systems's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Analyst Upgrades and Downgrades

FDS has been the subject of a number of research reports. BMO Capital Markets lifted their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday. They set an "inline" rating and a $470.00 price target for the company. Royal Bank of Canada lifted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research report on Friday, September 20th. Finally, UBS Group lifted their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $448.46.

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.