Sanibel Captiva Trust Company Inc. Sells 264 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Sanibel Captiva Trust Company Inc. lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,273 shares of the business services provider’s stock after selling 264 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in FactSet Research Systems were worth $2,561,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FDS. Norges Bank acquired a new position in FactSet Research Systems in the fourth quarter valued at about $47,977,000. PineStone Asset Management Inc. raised its holdings in FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the period. International Assets Investment Management LLC bought a new position in FactSet Research Systems in the fourth quarter valued at approximately $45,288,000. Norden Group LLC boosted its holdings in shares of FactSet Research Systems by 1,844.5% in the first quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock valued at $20,761,000 after buying an additional 43,346 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of FactSet Research Systems by 198.2% during the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after acquiring an additional 34,156 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total value of $1,200,000.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the transaction, the chief technology officer now directly owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,432 shares of company stock worth $5,117,216. 1.00% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 0.2 %

Shares of FDS traded down $0.75 during trading hours on Tuesday, hitting $412.29. The stock had a trading volume of 204,401 shares, compared to its average volume of 257,533. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $488.64. The firm has a market capitalization of $15.68 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. The firm has a 50 day simple moving average of $413.66 and a 200-day simple moving average of $434.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $552.70 million for the quarter, compared to analyst estimates of $552.71 million. During the same period in the prior year, the firm earned $3.79 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts predict that FactSet Research Systems Inc. will post 16.29 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be paid a $1.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 1.01%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Analysts Set New Price Targets

FDS has been the topic of several research reports. Morgan Stanley boosted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Jefferies Financial Group reduced their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Monday, June 24th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and a consensus price target of $432.27.

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.