American Century Companies Inc. Decreases Holdings in FactSet Research Systems Inc. $FDS

Key Points

• American Century Companies Inc. has reduced its stake in FactSet Research Systems by 26.6%, selling 4,119 shares and now holding 11,374 shares valued at approximately $5.17 million.
• Analyst ratings for FactSet Research Systems reflect mixed sentiments, with a consensus target price of $444.25 and several analysts issuing hold or sell ratings.
• FactSet reported a quarterly earnings miss with $4.27 EPS, falling short of the $4.30 consensus estimate, despite a year-over-year revenue increase of 5.9%.

American Century Companies Inc. lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,374 shares of the business services provider's stock after selling 4,119 shares during the period. American Century Companies Inc.'s holdings in FactSet Research Systems were worth $5,171,000 as of its most recent SEC filing.

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

FactSet Research Systems Trading Down 0.7%

FDS stock traded down $2.60 during mid-day trading on Friday, reaching $373.17. The company had a trading volume of 334,679 shares, compared to its average volume of 429,195. The company has a market capitalization of $14.11 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.84. The firm has a 50 day moving average of $411.56 and a 200 day moving average of $430.45. FactSet Research Systems Inc. has a 12 month low of $365.76 and a 12 month high of $499.87. 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 (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities 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 company 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. 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 (DPR) is currently 31.79%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This represents a 24.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, 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 13,031 shares of company stock worth $5,825,481 over the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Evercore ISI cut their price objective 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. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Morgan Stanley increased their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $444.25.

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.