Canandaigua National Bank & Trust Co. Has $219,000 Stock Holdings in FactSet Research Systems Inc. (NYSE:FDS)

Canandaigua National Bank & Trust Co. lowered its stake in FactSet Research Systems Inc. (NYSE:FDS) by 6.7% during the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. TD Asset Management Inc lifted its stake in FactSet Research Systems by 5.5% in the second quarter. TD Asset Management Inc now owns 22,538 shares of the business services provider’s stock valued at $9,202,000 after buying an additional 1,172 shares during the period. Private Advisor Group LLC boosted its stake in FactSet Research Systems by 8.1% during the 2nd quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock worth $722,000 after acquiring an additional 132 shares during the last quarter. Candriam S.C.A. grew its holdings in FactSet Research Systems by 17.1% during the second quarter. Candriam S.C.A. now owns 5,040 shares of the business services provider’s stock valued at $2,058,000 after purchasing an additional 736 shares during the period. Great Lakes Advisors LLC increased its stake in FactSet Research Systems by 0.8% in the second quarter. Great Lakes Advisors LLC now owns 8,548 shares of the business services provider’s stock valued at $3,490,000 after purchasing an additional 67 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in FactSet Research Systems in the second quarter worth $227,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. 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 research report on Friday, December 20th. Finally, Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Stock Down 1.1 %

FactSet Research Systems stock opened at $461.05 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average is $481.43 and its 200-day moving average is $449.63. The firm has a market capitalization of $17.52 billion, a PE ratio of 33.17, a P/E/G ratio of 3.14 and a beta of 0.76. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the prior year, the company earned $4.12 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.90%. FactSet Research Systems’s dividend payout ratio (DPR) is 29.93%.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.