Adage Capital Partners GP L.L.C. Has $6.37 Million Stock Holdings in FactSet Research Systems Inc. $FDS

Adage Capital Partners GP L.L.C. decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 55.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,000 shares of the business services provider's stock after selling 17,300 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in FactSet Research Systems were worth $6,365,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FDS. Cary Street Partners Financial LLC bought a new position in FactSet Research Systems during the fourth quarter valued at about $29,000. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after purchasing an additional 84 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of FactSet Research Systems during the first quarter valued at approximately $41,000. Finally, Bank of Jackson Hole Trust raised its stake in shares of FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the company'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 transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 over the last quarter. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

NYSE FDS traded down $8.10 during trading hours on Friday, reaching $362.41. 444,387 shares of the company's stock were exchanged, compared to its average volume of 414,742. The firm has a fifty day moving average of $396.77 and a 200-day moving average of $424.54. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a one year low of $360.82 and a one year high of $499.87. The stock has a market cap of $13.70 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84.

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

FactSet Research Systems Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating for the company in a research report on Friday, September 5th. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Rothschild & Co Redburn upgraded shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and decreased their target price for the company from $415.00 to $370.00 in a research report on Friday. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of "Reduce" and a consensus price target of $424.44.

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.