Ameriprise Financial Inc. Decreases Stake in FactSet Research Systems Inc. $FDS

Key Points

• Ameriprise Financial Inc. has reduced its stake in FactSet Research Systems by 2.5%, selling 3,078 shares and currently holding 118,789 shares valued at approximately $54 million.
• FactSet reported a quarterly earnings miss with $4.27 earnings per share, slightly below analysts' expectations, but revenue was up 5.9% year-over-year.
• FactSet has declared a quarterly dividend of $1.10 per share, yielding 1.2%, with the dividend payment date set for September 18th.

Ameriprise Financial Inc. cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,789 shares of the business services provider's stock after selling 3,078 shares during the period. Ameriprise Financial Inc. owned approximately 0.31% of FactSet Research Systems worth $54,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDS. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter worth $29,000. SouthState Corp grew its stake in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in 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 during the last quarter. Bank of Jackson Hole Trust lifted its holdings 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 buying an additional 62 shares in the last quarter. Finally, American National Bank & Trust bought a new stake in FactSet Research Systems in the 1st quarter valued at about $44,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FDS shares. Morgan Stanley increased their price target 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. BMO Capital Markets lifted their target price on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction on 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 directly owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is currently owned by corporate insiders.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $2.60 during midday trading on Friday, hitting $373.17. 334,679 shares of the company's stock were exchanged, compared to its average volume of 435,969. The stock has a 50-day moving average price of $411.56 and a two-hundred day moving average price of $430.81. The company has a market cap of $14.11 billion, a P/E ratio of 26.96, a PEG ratio of 2.45 and a beta of 0.83. FactSet Research Systems Inc. has a 52-week low of $365.76 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business's revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

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.