Canandaigua National Bank & Trust Co. Sells 33 Shares of FactSet Research Systems Inc. (NYSE:FDS)

Canandaigua National Bank & Trust Co. reduced its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 457 shares of the business services provider’s stock after selling 33 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in FactSet Research Systems were worth $219,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems during the third quarter worth $26,000. Quest Partners LLC increased its holdings in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems during the third quarter valued at about $35,000. Finally, Federated Hermes Inc. bought a new stake in shares of FactSet Research Systems in the second quarter valued at about $52,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 1.1 %

Shares of FDS opened at $461.05 on Wednesday. The business’s 50 day simple moving average is $481.43 and its 200-day simple moving average is $449.63. FactSet Research Systems Inc. has a one year low of $391.84 and a one year high of $499.87. The company has a market capitalization of $17.52 billion, a P/E ratio of 33.17, a PEG ratio of 3.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate 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 company had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the prior year, the business earned $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Activity at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction 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 owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. UBS Group lifted their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their price objective on shares of 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. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $453.46.

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.