FactSet Research Systems Inc. $FDS Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in FactSet Research Systems by 819.4% during Q1, acquiring over 10,000 additional shares.
• Director James J. Mcgonigle and CAO Gregory T. Moskoff both sold shares, with Mcgonigle reducing their ownership by 39.60% and Moskoff by 98.27% after selling nearly 3,000 and 2,500 shares, respectively.
• FactSet Research Systems reported $4.27 earnings per share for the most recent quarter, missing estimates, and disclosed a quarterly dividend of $1.10, payable on September 18th.

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 819.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,109 shares of the business services provider's stock after acquiring an additional 10,792 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in FactSet Research Systems were worth $5,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems during the 4th quarter valued at approximately $29,000. SouthState Corp lifted its holdings in FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after acquiring an additional 56 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $39,000 after acquiring an additional 84 shares during the period. Bank of Jackson Hole Trust lifted its holdings in 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 valued at $44,000 after acquiring an additional 62 shares during the period. Finally, American National Bank & Trust acquired a new position in FactSet Research Systems in the first quarter valued at approximately $44,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the 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 of the company's stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This 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 valued at $5,825,481. 1.10% of the stock is owned by insiders.

FactSet Research Systems Price Performance

Shares of FDS stock traded up $3.84 during trading hours on Friday, hitting $380.80. 380,118 shares of the company's stock were exchanged, compared to its average volume of 443,092. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.40 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.49 and a beta of 0.83. The firm has a 50 day moving average of $416.06 and a two-hundred day moving average of $433.51. FactSet Research Systems Inc. has a fifty-two week low of $365.76 and a fifty-two week high of $499.87.

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 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same period in the prior year, the company posted $4.37 earnings per share. 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. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on FDS. BMO Capital Markets boosted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley boosted 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. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Evercore ISI decreased their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $444.25.

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.