Alliance Wealth Advisors LLC UT Reduces Position in FactSet Research Systems Inc. $FDS

Key Points

• Alliance Wealth Advisors LLC UT reduced its stake in FactSet Research Systems Inc. by 45.1%, now owning 1,056 shares worth $480,000 following the sale of 868 shares.
• GAMMA Investing LLC significantly increased its position in FactSet by 40,436.2%, acquiring a total of 430,089 shares valued at $195.5 million after an additional purchase of 429,028 shares.
• FactSet's quarterly earnings report indicated an EPS of $4.27, slightly missing expectations of $4.30, while the company's revenue grew by 5.9% year-over-year, totaling $585.52 million.

Alliance Wealth Advisors LLC UT decreased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 45.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,056 shares of the business services provider's stock after selling 868 shares during the period. Alliance Wealth Advisors LLC UT's holdings in FactSet Research Systems were worth $480,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $29,000. SouthState Corp raised its stake in FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in FactSet Research Systems by 4,200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. Bank of Jackson Hole Trust raised its stake in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after acquiring an additional 62 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of FactSet Research Systems in the first quarter worth approximately $44,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Analysts Set New Price Targets

FDS has been the subject of several recent research reports. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, Evercore ISI dropped their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and a consensus price target of $444.25.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems 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 completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were 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 directly owned 44 shares of the company's stock, valued at $19,474.40. This represents 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 in the last three months. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Trading Down 2.8%

Shares of FDS stock traded down $10.7560 on Thursday, hitting $376.8840. The stock had a trading volume of 463,954 shares, compared to its average volume of 335,540. FactSet Research Systems Inc. has a 1 year low of $365.76 and a 1 year high of $499.87. The firm has a market capitalization of $14.25 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.44 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company's 50 day moving average price is $417.80 and its 200-day moving average price is $434.99.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for 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%.The company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

FactSet Research Systems 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.