720 Shares in FactSet Research Systems Inc. $FDS Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 720 shares of FactSet Research Systems Inc. for approximately $327,000 in the first quarter.
• Several institutional investors increased their holdings in FactSet, with Bessemer Group Inc. notably boosting its position by 284.3% during the same period.
• FactSet's stock recently posted quarterly earnings showing a net margin of 23.30% and a revenue increase of 5.9% compared to the previous year, though EPS missed expectations by $0.03.

MBB Public Markets I LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 720 shares of the business services provider's stock, valued at approximately $327,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after acquiring an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FactSet Research Systems by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock worth $240,070,000 after purchasing an additional 22,458 shares during the last quarter. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock valued at $229,940,000 after purchasing an additional 4,693 shares in the last quarter. Invesco Ltd. raised its holdings in shares of FactSet Research Systems by 7.6% in the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock worth $223,091,000 after buying an additional 34,549 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of FactSet Research Systems by 40,436.2% in the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

NYSE:FDS traded down $8.10 during trading hours on Friday, reaching $362.41. The company had a trading volume of 444,387 shares, compared to its average volume of 341,385. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a 1-year low of $360.82 and a 1-year high of $499.87. The business's 50 day moving average price is $398.48 and its 200-day moving average price is $425.23. The firm has a market cap of $13.70 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is currently 31.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating on the stock in a report on Friday, September 5th. Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $415.00 to $370.00 in a research report on Friday. Evercore ISI cut their price objective on FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a report on Wednesday. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Seven research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $424.44.

Insider Buying and Selling

In other news, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by company insiders.

About FactSet Research Systems

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.