First Hawaiian Bank Cuts Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

First Hawaiian Bank cut its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,409 shares of the business services provider’s stock after selling 162 shares during the period. First Hawaiian Bank’s holdings in FactSet Research Systems were worth $4,039,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $26,000. Quest Partners LLC raised its stake in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems during the third quarter valued at about $34,000. Brooklyn Investment Group bought a new position in FactSet Research Systems during the third quarter worth about $35,000. Finally, Federated Hermes Inc. purchased a new position in shares of FactSet Research Systems in the second quarter worth about $52,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded down $1.54 during trading on Wednesday, reaching $459.14. The company had a trading volume of 411,866 shares, compared to its average volume of 262,588. FactSet Research Systems Inc. has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.44 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 3.14 and a beta of 0.76. The company has a fifty day moving average of $481.43 and a two-hundred day moving average of $449.63.

FactSet Research Systems (NYSE:FDS) last released its quarterly 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 business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter last year, the business posted $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, December 20th. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $420.00 to $380.00 in a report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average target price of $453.46.

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.