Amundi Trims Stake in FactSet Research Systems Inc. $FDS

Key Points

• Amundi reduced its stake in FactSet Research Systems by 4.4%, selling 16,097 shares, and now holds approximately 0.93% of the company.
• FactSet's stock price saw a 0.5% decline, opening at $368.97, with a fifty-two week range between $362.41 and $499.87.
• The company announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.2%, reflecting its ongoing commitment to returning value to shareholders.

Amundi lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 353,945 shares of the business services provider's stock after selling 16,097 shares during the quarter. Amundi owned about 0.93% of FactSet Research Systems worth $155,456,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Cary Street Partners Financial LLC purchased a new position in FactSet Research Systems in the fourth quarter worth about $29,000. SouthState Corp raised its stake in shares of FactSet Research Systems by 1,400.0% in the first 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 last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 worth $39,000 after purchasing an additional 84 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of FactSet Research Systems in the first quarter worth $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 worth $44,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the subject of several research reports. Evercore ISI decreased their price objective on shares of FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating for the company in a report on Wednesday. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. BMO Capital Markets increased 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 report on Friday, June 20th. Wells Fargo & Company cut 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. Finally, Morgan Stanley raised their price target 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $431.25.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, 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 filing with the SEC, which can be accessed 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 transaction of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 over the last three months. 1.10% of the stock is currently owned by insiders.

FactSet Research Systems Trading Down 2.3%

FactSet Research Systems stock traded down $8.63 during trading hours on Wednesday, hitting $364.23. The company had a trading volume of 66,883 shares, compared to its average volume of 337,898. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $13.77 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.34 and a beta of 0.84. The company has a 50-day moving average price of $401.76 and a two-hundred day moving average price of $426.31. FactSet Research Systems Inc. has a 1 year low of $362.41 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share 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 analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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