Bath Savings Trust Co Has $5.29 Million Stock Position in FactSet Research Systems Inc. $FDS

Bath Savings Trust Co reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 34.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,243 shares of the business services provider’s stock after selling 9,565 shares during the period. Bath Savings Trust Co’s holdings in FactSet Research Systems were worth $5,294,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FDS. Jones Financial Companies Lllp boosted its holdings in FactSet Research Systems by 5.6% during the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 91 shares during the period. Empowered Funds LLC increased its stake in shares of FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the last quarter. Creative Planning boosted its stake in FactSet Research Systems by 3.0% during the 2nd quarter. Creative Planning now owns 3,757 shares of the business services provider’s stock valued at $1,680,000 after purchasing an additional 110 shares during the period. Finally, DNB Asset Management AS boosted its stake in FactSet Research Systems by 7.7% during the 2nd quarter. DNB Asset Management AS now owns 7,000 shares of the business services provider’s stock valued at $3,131,000 after purchasing an additional 498 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $197.07 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $474.79. The company has a market capitalization of $7.31 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.13 and a beta of 0.75. The stock has a 50 day moving average of $227.73 and a two-hundred day moving average of $267.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems announced that its Board of Directors has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, February 27th. FactSet Research Systems’s payout ratio is 27.99%.

Insider Transactions at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the transaction, the director owned 879 shares of the company’s stock, valued at $259,920.30. This represents a 74.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $296.25, for a total value of $761,955.00. Following the completion of the transaction, the director directly owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was a 71.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating on the stock in a research report on Friday, December 19th. Evercore increased their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research report on Thursday, January 8th. Barclays lowered their price objective on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $215.00 to $195.00 and set an “underweight” rating for the company in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average price target of $285.69.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.