Riverview Trust Co Makes New $137,000 Investment in FactSet Research Systems Inc. (NYSE:FDS)

Riverview Trust Co purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 301 shares of the business services provider’s stock, valued at approximately $137,000.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley increased its stake in shares of FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock worth $610,515,000 after acquiring an additional 698,611 shares during the period. Norges Bank purchased a new stake in FactSet Research Systems during the fourth quarter worth $47,977,000. International Assets Investment Management LLC purchased a new stake in FactSet Research Systems during the fourth quarter worth $45,288,000. PineStone Asset Management Inc. boosted its holdings in FactSet Research Systems by 117.0% during the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after buying an additional 88,173 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in FactSet Research Systems by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after buying an additional 66,986 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FDS. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 price objective (down from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Finally, BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $432.00.

View Our Latest Research Report on FactSet Research Systems

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the transaction, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FactSet Research Systems news, EVP Goran Skoko sold 6,215 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the transaction, the executive vice president now directly owns 5,262 shares of the company’s stock, valued at approximately $2,296,336.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares in the company, valued at $30,204. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,044 shares of company stock worth $10,736,187. Corporate insiders own 1.00% of the company’s stock.

FactSet Research Systems Trading Down 1.5 %

FactSet Research Systems stock traded down $6.33 during midday trading on Tuesday, hitting $418.56. 112,723 shares of the stock were exchanged, compared to its average volume of 256,332. FactSet Research Systems Inc. has a fifty-two week low of $385.27 and a fifty-two week high of $488.64. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.71 and a beta of 0.74. The stock’s 50-day simple moving average is $423.68 and its 200 day simple moving average is $448.16. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDSGet Free Report) last released its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period last year, the business earned $3.79 earnings per share. FactSet Research Systems’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 16.17 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a dividend of $1.04 per share. The ex-dividend date was Friday, May 31st. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.99%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

FactSet Research Systems Profile

(Free Report)

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.

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

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