Penobscot Investment Management Company Inc. Sells 90 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Penobscot Investment Management Company Inc. decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,210 shares of the business services provider’s stock after selling 90 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in FactSet Research Systems were worth $2,962,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY raised its position in shares of FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after acquiring an additional 8,862 shares in the last quarter. Morgan Stanley increased its position in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares in the last quarter. JPMorgan Chase & Co. increased its position in FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after buying an additional 66,986 shares in the last quarter. Fiera Capital Corp increased its position in FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after buying an additional 6,960 shares in the last quarter. Finally, Northern Trust Corp increased its position in FactSet Research Systems by 4.7% during the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock valued at $170,774,000 after buying an additional 17,605 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Wolfe Research assumed coverage on FactSet Research Systems in a research note on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Barclays reiterated an “equal weight” rating and set a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $442.70.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

FactSet Research Systems Price Performance

NYSE:FDS traded down $4.23 on Tuesday, reaching $418.71. 69,010 shares of the company’s stock traded hands, compared to its average volume of 238,897. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a 50-day simple moving average of $449.84 and a 200-day simple moving average of $454.81. The firm has a market cap of $15.96 billion, a PE ratio of 33.23, a P/E/G ratio of 2.59 and a beta of 0.72. FactSet Research Systems Inc. has a 12 month low of $380.96 and a 12 month high of $488.64.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The firm had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. Equities research analysts forecast that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

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.