Bath Savings Trust Co Sells 81 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Bath Savings Trust Co reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 0.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,307 shares of the business services provider’s stock after selling 81 shares during the quarter. FactSet Research Systems comprises about 1.4% of Bath Savings Trust Co’s holdings, making the stock its 23rd biggest holding. Bath Savings Trust Co owned 0.08% of FactSet Research Systems worth $12,142,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FDS. Vanguard Group Inc. raised its stake in FactSet Research Systems by 1.2% in the first quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock valued at $1,866,025,000 after purchasing an additional 52,604 shares in the last quarter. State Street Corp raised its stake in FactSet Research Systems by 1.7% in the first quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after purchasing an additional 32,550 shares in the last quarter. Ninety One UK Ltd raised its stake in FactSet Research Systems by 1.3% in the first quarter. Ninety One UK Ltd now owns 1,249,638 shares of the business services provider’s stock valued at $518,712,000 after purchasing an additional 16,356 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in FactSet Research Systems by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,078,226 shares of the business services provider’s stock valued at $447,561,000 after purchasing an additional 8,564 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in FactSet Research Systems by 9.3% in the first quarter. Geode Capital Management LLC now owns 917,349 shares of the business services provider’s stock valued at $380,034,000 after purchasing an additional 77,980 shares in the last quarter. 89.50% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Up 0.6 %

FDS stock traded up $2.58 during trading on Monday, hitting $430.25. 79,549 shares of the stock traded hands, compared to its average volume of 261,858. FactSet Research Systems Inc. has a 1 year low of $377.89 and a 1 year high of $474.13. The firm’s 50 day moving average is $427.53 and its two-hundred day moving average is $412.14. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.11 and a quick ratio of 2.11.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, June 22nd. The business services provider reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.17. The business had revenue of $529.80 million for the quarter, compared to analysts’ expectations of $527.56 million. FactSet Research Systems had a net margin of 24.77% and a return on equity of 37.65%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.76 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 15.07 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 31st will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.04%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $438.78, for a total value of $1,316,340.00. Following the transaction, the chief executive officer now owns 8,247 shares in the company, valued at approximately $3,618,618.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FDS. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FactSet Research Systems from $461.00 to $471.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $419.00 to $440.00 in a report on Tuesday, June 20th. Royal Bank of Canada lowered shares of FactSet Research Systems from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $500.00 to $464.00 in a report on Friday, August 25th. Bank of America initiated coverage on shares of FactSet Research Systems in a report on Thursday, June 15th. They issued a “neutral” rating for the company. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $424.00 to $419.00 in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $438.90.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data and analytics 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.