Diversified Trust Co Sells 1,315 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Diversified Trust Co cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 40.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,913 shares of the business services provider’s stock after selling 1,315 shares during the quarter. Diversified Trust Co’s holdings in FactSet Research Systems were worth $869,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FDS. Signaturefd LLC increased its position in FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock worth $179,000 after acquiring an additional 23 shares during the period. Drive Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock worth $233,000 after purchasing an additional 24 shares during the period. Procyon Advisors LLC raised its position in shares of FactSet Research Systems by 0.4% during the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after buying an additional 27 shares during the last quarter. CENTRAL TRUST Co lifted its stake in shares of FactSet Research Systems by 23.0% in the fourth quarter. CENTRAL TRUST Co now owns 155 shares of the business services provider’s stock valued at $74,000 after buying an additional 29 shares during the period. Finally, Smithfield Trust Co grew its position in FactSet Research Systems by 51.6% during the fourth quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock worth $44,000 after buying an additional 32 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. BMO Capital Markets raised their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Jefferies Financial Group dropped their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, Barclays reissued an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $432.00.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $436.40, for a total transaction of $2,712,226.00. Following the completion of the sale, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,419 shares of company stock valued at $11,606,013. Insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Up 1.2 %

Shares of FDS stock opened at $416.01 on Wednesday. FactSet Research Systems Inc. has a 12-month low of $385.27 and a 12-month high of $488.64. The company has a market capitalization of $15.86 billion, a P/E ratio of 31.37, a P/E/G ratio of 2.43 and a beta of 0.75. The firm has a 50-day moving average price of $421.82 and a 200 day moving average price of $446.53. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the firm posted $3.79 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts forecast that FactSet Research Systems Inc. will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a $1.04 dividend. The ex-dividend date was Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. FactSet Research Systems’s payout ratio is currently 31.37%.

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.