Penobscot Investment Management Company Inc. Sells 370 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Penobscot Investment Management Company Inc. trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,300 shares of the business services provider’s stock after selling 370 shares during the period. Penobscot Investment Management Company Inc.’s holdings in FactSet Research Systems were worth $1,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDS. Brooklyn Investment Group bought a new stake in FactSet Research Systems in the third quarter worth $35,000. Allworth Financial LP boosted its stake in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after purchasing an additional 22 shares during the period. Continuum Advisory LLC grew its holdings in FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 156 shares during the last quarter. Smartleaf Asset Management LLC raised its position in FactSet Research Systems by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 205 shares of the business services provider’s stock worth $99,000 after purchasing an additional 33 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in FactSet Research Systems in the fourth quarter worth about $102,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their target price 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. Morgan Stanley reduced their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $440.90 on Thursday. The firm has a 50 day moving average of $454.52 and a 200 day moving average of $464.67. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. 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 issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same period in the prior year, the business posted $4.22 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.59%.

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.