AQR Capital Management LLC Decreases Stock Position in FactSet Research Systems Inc. $FDS

Key Points

• AQR Capital Management reduced its position in FactSet Research Systems by 12.0%, selling 3,425 shares and leaving it with 25,022 shares valued at approximately $11.3 million.
• FactSet Research Systems has announced a quarterly dividend of $1.10, resulting in an annualized dividend of $4.40 and a yield of 1.2%.
• Analysts have mixed ratings on FactSet, with a consensus price target of $431.25, as several firms adjust their price targets and ratings amid fluctuating performance.

AQR Capital Management LLC reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 12.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,022 shares of the business services provider's stock after selling 3,425 shares during the period. AQR Capital Management LLC owned approximately 0.07% of FactSet Research Systems worth $11,275,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after purchasing an additional 38 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after purchasing an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of FactSet Research Systems during the 1st quarter worth $2,528,000. Finally, Golden State Wealth Management LLC boosted its position in shares of FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BMO Capital Markets boosted 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 report on Friday, June 20th. Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and cut their price target for the stock from $415.00 to $370.00 in a research note on Friday. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. 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 lifted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $424.44.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the business's 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by company insiders.

FactSet Research Systems Trading Down 2.2%

Shares of NYSE:FDS traded down $8.10 during trading on Friday, reaching $362.41. 444,387 shares of the stock were exchanged, compared to its average volume of 414,742. 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 Inc. has a 12-month low of $360.82 and a 12-month high of $499.87. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. The firm's 50-day moving average price is $396.77 and its 200 day moving average price is $424.54.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its 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 return on equity of 31.59% and a net margin of 23.30%.The firm had revenue of $585.52 million for 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% compared to the same quarter last year. 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 fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.10 per share. The ex-dividend date 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 payout ratio is presently 31.79%.

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.