FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Page Arthur B

Page Arthur B cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 5.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,540 shares of the business services provider’s stock after selling 150 shares during the period. Page Arthur B’s holdings in FactSet Research Systems were worth $422,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Genesee Valley Trust Co. raised its position in FactSet Research Systems by 1.4% in the first quarter. Genesee Valley Trust Co. now owns 2,071 shares of the business services provider’s stock worth $341,000 after buying an additional 28 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Intrust Bank NA raised its position in FactSet Research Systems by 2.1% in the first quarter. Intrust Bank NA now owns 1,930 shares of the business services provider’s stock valued at $318,000 after buying an additional 40 shares during the period. Suntrust Banks Inc. raised its position in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Finally, Mason Street Advisors LLC raised its position in FactSet Research Systems by 0.3% in the first quarter. Mason Street Advisors LLC now owns 18,692 shares of the business services provider’s stock valued at $3,082,000 after buying an additional 54 shares during the period. 94.97% of the stock is currently owned by institutional investors.

FactSet Research Systems Inc. (NYSE:FDS) traded down 1.29% during trading on Friday, reaching $159.02. 259,208 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $163.44 and its 200 day moving average price is $167.54. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $183.64. The firm has a market cap of $6.24 billion, a P/E ratio of 18.54 and a beta of 0.95.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.01. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company had revenue of $312.12 million during the quarter, compared to analyst estimates of $314.14 million. During the same quarter last year, the firm posted $1.64 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that FactSet Research Systems Inc. will post $7.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Thursday, August 31st will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, August 29th. FactSet Research Systems’s payout ratio is 26.20%.

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FDS has been the topic of several research analyst reports. Stifel Nicolaus reissued a “hold” rating and set a $163.00 target price on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Deutsche Bank AG initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, May 10th. They set a “hold” rating and a $160.00 target price for the company. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. UBS AG reaffirmed a “buy” rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Finally, BidaskClub lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $166.27.

In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $166.00, for a total transaction of $166,000.00. Following the completion of the transaction, the director now owns 9,000 shares of the company’s stock, valued at $1,494,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip A. Hadley sold 100,017 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $168.99, for a total value of $16,901,872.83. Following the transaction, the director now directly owns 761,436 shares of the company’s stock, valued at approximately $128,675,069.64. The disclosure for this sale can be found here. Insiders sold 206,858 shares of company stock valued at $34,453,143 in the last ninety days. 2.70% of the stock is currently owned by insiders.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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