FactSet Research Systems Inc. (NYSE:FDS) Shares Purchased by Somerset Trust Co

Somerset Trust Co boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,413 shares of the business services provider’s stock after purchasing an additional 186 shares during the period. FactSet Research Systems makes up about 1.5% of Somerset Trust Co’s investment portfolio, making the stock its 23rd biggest position. Somerset Trust Co’s holdings in FactSet Research Systems were worth $4,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth about $26,000. Quest Partners LLC increased its stake in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems during the third quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems in the third quarter valued at approximately $35,000. Finally, Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems in the second quarter valued at approximately $52,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDS has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Evercore ISI began coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, Morgan Stanley boosted their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Five research 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, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $453.46.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the 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 transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $462.64 on Friday. The firm has a 50 day moving average of $480.02 and a two-hundred day moving average of $451.46. The stock 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 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 Inc. has a 52 week low of $391.84 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.12 EPS. On average, research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

About FactSet Research Systems

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.