FactSet Research Systems Inc. $FDS Position Raised by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its stake in FactSet Research Systems Inc. by 1,049.5%, acquiring 3,883 additional shares during the first quarter, bringing its total holdings to 4,253 shares valued at approximately $1.93 million.
• A variety of hedge funds have also been active in trading FactSet shares, with multiple institutions reporting significant increases in their positions during the same quarter.
• FactSet Research Systems recently declared a quarterly dividend of $1.10 per share with an annual yield of 1.2%, reinforcing its commitments to shareholders amidst a challenging earnings report.

AlphaQuest LLC raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1,049.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,253 shares of the business services provider's stock after purchasing an additional 3,883 shares during the period. AlphaQuest LLC's holdings in FactSet Research Systems were worth $1,934,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems during the fourth quarter worth approximately $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 during the period. Caitong International Asset Management Co. Ltd boosted its stake in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after buying an additional 84 shares during the period. Bank of Jackson Hole Trust increased its holdings in FactSet Research Systems by 187.9% in the 1st 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 during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of FactSet Research Systems in the 1st quarter valued at $44,000. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FDS traded up $0.37 during midday trading on Wednesday, reaching $380.37. 403,029 shares of the stock were exchanged, compared to its average volume of 336,583. 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 has a market capitalization of $14.38 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.50 and a beta of 0.83. The business's 50-day moving average price is $414.42 and its 200 day moving average price is $432.32. FactSet Research Systems Inc. has a twelve month low of $365.76 and a twelve month high of $499.87.

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

FactSet Research Systems Dividend Announcement

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

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction dated 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 owned 23,952 shares in the company, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of 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. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Morgan Stanley lifted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Six investment 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 presently has an average rating of "Reduce" and a consensus price target of $444.25.

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.