Sanibel Captiva Trust Company Inc. Sells 685 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sanibel Captiva Trust Company Inc. cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,508 shares of the business services provider’s stock after selling 685 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in FactSet Research Systems were worth $2,645,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Verity & Verity LLC grew its stake in shares of FactSet Research Systems by 18.4% in the 4th quarter. Verity & Verity LLC now owns 1,003 shares of the business services provider’s stock worth $482,000 after buying an additional 156 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in FactSet Research Systems by 16.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 3,031 shares of the business services provider’s stock worth $1,456,000 after acquiring an additional 422 shares in the last quarter. Canoe Financial LP grew its stake in shares of FactSet Research Systems by 7.1% in the fourth quarter. Canoe Financial LP now owns 25,655 shares of the business services provider’s stock worth $12,322,000 after acquiring an additional 1,711 shares during the last quarter. Somerset Trust Co grew its stake in shares of FactSet Research Systems by 2.3% in the fourth quarter. Somerset Trust Co now owns 8,413 shares of the business services provider’s stock worth $4,041,000 after acquiring an additional 186 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in shares of FactSet Research Systems during the fourth quarter valued at $1,481,000. 91.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FDS has been the topic of a number of analyst reports. BMO Capital Markets cut their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Evercore ISI began coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley increased their target price on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Price Performance

NYSE FDS opened at $462.64 on Friday. The company has a 50-day moving average price of $480.02 and a 200-day moving average price of $451.71. FactSet Research Systems Inc. has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $17.59 billion, a P/E ratio of 33.16, a PEG ratio of 2.85 and a beta of 0.76.

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

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.