Stock Yards Bank & Trust Co. Reduces Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Stock Yards Bank & Trust Co. trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,402 shares of the business services provider’s stock after selling 274 shares during the period. Stock Yards Bank & Trust Co.’s holdings in FactSet Research Systems were worth $669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bamco Inc. NY lifted its position in FactSet Research Systems by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock valued at $1,203,163,000 after acquiring an additional 8,862 shares during the period. Morgan Stanley lifted its position in FactSet Research Systems by 100.1% during the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares during the period. JPMorgan Chase & Co. lifted its position in FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock valued at $220,146,000 after acquiring an additional 66,986 shares during the period. Fiera Capital Corp lifted its position in FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock valued at $192,852,000 after acquiring an additional 6,960 shares during the period. Finally, Northern Trust Corp lifted its position in FactSet Research Systems by 4.7% during the 3rd quarter. Northern Trust Corp now owns 390,555 shares of the business services provider’s stock valued at $170,774,000 after acquiring an additional 17,605 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $420.01 on Wednesday. The company has a 50 day moving average price of $452.97 and a 200-day moving average price of $455.67. FactSet Research Systems Inc. has a 52 week low of $380.96 and a 52 week high of $488.64. The firm has a market capitalization of $16.01 billion, a PE ratio of 33.25, a P/E/G ratio of 2.70 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

Analyst Upgrades and Downgrades

FDS has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $469.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and issued a $460.00 target price (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $442.70.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $6,147,798.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

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.