First Hawaiian Bank Sells 162 Shares of FactSet Research Systems Inc. (NYSE:FDS)

First Hawaiian Bank reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,409 shares of the business services provider’s stock after selling 162 shares during the quarter. First Hawaiian Bank’s holdings in FactSet Research Systems were worth $4,039,000 at the end of the most recent quarter.

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

FactSet Research Systems Stock Performance

FDS traded down $1.54 during mid-day trading on Wednesday, reaching $459.14. 411,866 shares of the company traded hands, compared to its average volume of 262,588. The company’s fifty day moving average price is $481.43 and its 200-day moving average price is $449.63. The stock has a market capitalization of $17.44 billion, a P/E ratio of 33.03, a P/E/G ratio of 3.14 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 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 posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the company earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on FDS shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, December 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. BMO Capital Markets lowered their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. 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. Finally, Evercore ISI assumed coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $453.46.

Insider Activity

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. Insiders own 1.10% of the company’s stock.

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.