Rockland Trust Co. Has $349,000 Stock Position in FactSet Research Systems Inc. (NYSE:FDS)

Rockland Trust Co. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 13.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 758 shares of the business services provider’s stock after selling 118 shares during the period. Rockland Trust Co.’s holdings in FactSet Research Systems were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FDS. Allianz Asset Management GmbH lifted its holdings in FactSet Research Systems by 4.3% during the fourth quarter. Allianz Asset Management GmbH now owns 5,816 shares of the business services provider’s stock worth $2,775,000 after acquiring an additional 238 shares in the last quarter. J. W. Coons Advisors LLC bought a new position in FactSet Research Systems in the fourth quarter valued at approximately $208,000. Campbell & CO Investment Adviser LLC bought a new position in shares of FactSet Research Systems in the fourth quarter valued at $509,000. The Manufacturers Life Insurance Company increased its stake in shares of FactSet Research Systems by 3.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 28,569 shares of the business services provider’s stock worth $13,629,000 after purchasing an additional 862 shares during the last quarter. Finally, NEOS Investment Management LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $257,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.5 %

Shares of FactSet Research Systems stock traded down $2.09 on Friday, hitting $457.00. 178,940 shares of the company’s stock traded hands, compared to its average volume of 267,024. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. The company has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a fifty day moving average of $428.64 and a two-hundred day moving average of $427.60. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS 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 the consensus estimate of $547.06 million. During the same quarter in the previous year, the company posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.16 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 $5,330,666.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,362 shares of company stock worth $12,688,945. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FDS. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Evercore ISI started coverage on FactSet Research Systems in a report on Wednesday. They set an “inline” rating and a $470.00 target price on the stock. BMO Capital Markets lifted 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 note on Friday, September 20th. Royal Bank of Canada upped their price objective 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, Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and an average target price 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.