Azora Capital LP Buys New Shares in FactSet Research Systems Inc. $FDS

Key Points

• Azora Capital LP has acquired a new stake in FactSet Research Systems, purchasing 33,506 shares valued at approximately $15.2 million, making it the firm's 26th largest holding.
• Several hedge funds have increased their investments in FactSet, with Bessemer Group Inc. showing a significant growth of 284.3% in its position during the first quarter.
• FactSet recently announced a quarterly dividend of $1.10 per share, with an annualized yield of 1.2%, to be paid on September 18th to stockholders of record.

Azora Capital LP bought a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,506 shares of the business services provider's stock, valued at approximately $15,233,000. FactSet Research Systems makes up about 1.0% of Azora Capital LP's investment portfolio, making the stock its 26th largest holding. Azora Capital LP owned about 0.09% of FactSet Research Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its position in FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock valued at $368,000 after purchasing an additional 38 shares in the last quarter. QRG Capital Management Inc. grew its position in FactSet Research Systems by 4.7% in the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after purchasing an additional 60 shares in the last quarter. Bessemer Group Inc. grew its position in FactSet Research Systems by 284.3% in the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new position in FactSet Research Systems in the first quarter valued at $2,528,000. Finally, Golden State Wealth Management LLC grew its position in FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Insider Transactions at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the firm's 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 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 filing with the SEC, which can be accessed through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm'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 sale, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

FactSet Research Systems Stock Performance

NYSE FDS opened at $375.74 on Friday. The firm has a 50-day moving average of $412.55 and a 200-day moving average of $431.38. 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 stock has a market cap of $14.21 billion, a PE ratio of 27.15, a P/E/G ratio of 2.48 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.

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 (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 analyst estimates 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 quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced 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. 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 (DPR) is currently 31.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FDS. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI cut their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Morgan Stanley increased their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company increased 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 note on Friday, June 20th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus 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.

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