Sanibel Captiva Trust Company Inc. Sells 685 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sanibel Captiva Trust Company Inc. lessened its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,508 shares of the business services provider's stock after selling 685 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in FactSet Research Systems were worth $2,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. Millennium Management LLC increased its holdings in shares of FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. International Assets Investment Management LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at approximately $38,909,000. Nordea Investment Management AB lifted its position in FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock worth $164,653,000 after buying an additional 59,173 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider's stock valued at $226,867,000 after acquiring an additional 52,741 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider's stock valued at $888,603,000 after acquiring an additional 42,303 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity

In related news, insider John Costigan sold 1,622 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research report on Friday, December 20th. UBS Group raised their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and lowered their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, Morgan Stanley boosted their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an "underweight" rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $453.46.

FactSet Research Systems Stock Performance

FDS stock traded up $2.67 during mid-day trading on Friday, reaching $462.64. 388,302 shares of the stock traded hands, compared to its average volume of 279,694. The firm has a market capitalization of $17.59 billion, a PE ratio of 33.16, a P/E/G ratio of 2.85 and a beta of 0.76. The business has a 50-day moving average of $480.02 and a two-hundred day moving average of $451.71. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter last year, the firm posted $4.12 EPS. The company's revenue was up 4.9% on a year-over-year basis. As a group, equities analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems's payout ratio is 29.82%.

FactSet Research Systems 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.