I'm currently running ArcGIS 10.4.1 and am experiencing incorrect location attributes of point features when I inspect them using the Identify tool. The Location attribute changes every time the respective point is 're-identified'. I first noticed this in an existing project with a point Shapefile I was generating using ArcPy, but the problem persists in different coordinate systems and after starting a new, blank MXD.
For example, if I download this free point Shapefile from the URL below, load it into a blank map and inspect any point using the Identify tool, then close the Identify window re-identify it, the Location value will have changed considerably (sometimes up to 1 km). This happens every time I repeat the Identify process. The location given in the lower-right corner of the map window however is correct.
Has anyone experienced this before?