FactSet Research Systems Inc. $FDS Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its holdings in FactSet Research Systems by 3.8% in the first quarter, acquiring an additional 1,066 shares to reach a total of 28,931 shares worth approximately $13.15 million.
• Insider selling activity was notable, with Chief Accounting Officer Gregory T. Moskoff and Executive Vice President Christopher R. Ellis selling significant amounts of stock, leading to a 98.27% and 24.10% decrease in their respective holdings.
• FactSet Research Systems announced a quarterly dividend of $1.10 per share, which will be paid on September 18th, reflecting an annualized dividend yield of 1.2%.

Baird Financial Group Inc. boosted its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,931 shares of the business services provider's stock after buying an additional 1,066 shares during the period. Baird Financial Group Inc. owned 0.08% of FactSet Research Systems worth $13,153,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 valued at $240,070,000 after purchasing an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of FactSet Research Systems by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock valued at $229,940,000 after purchasing an additional 4,693 shares in the last quarter. Invesco Ltd. lifted its stake in shares of FactSet Research Systems by 7.6% in the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock valued at $223,091,000 after purchasing 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% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after purchasing an additional 429,028 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Wells Fargo & Company reduced their price objective on FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating on the stock in a research note on Friday. BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $438.00.

FactSet Research Systems Stock Up 0.4%

FDS stock traded up $1.46 during midday trading on Friday, hitting $370.94. 313,571 shares of the company's stock were exchanged, compared to its average volume of 405,703. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 12-month low of $362.41 and a 12-month high of $499.87. The firm has a 50 day moving average price of $404.74 and a 200-day moving average price of $427.56. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.84.

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 the consensus estimate 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 business had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the prior year, the firm earned $4.37 earnings per share. FactSet Research Systems'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, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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 issued a $1.10 dividend. 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 payout ratio is 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.