FactSet Research Systems Inc. $FDS Shares Sold by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets has reduced its stake in FactSet Research Systems by 2.2%, now holding 79,596 shares valued at approximately $36.2 million.
• FactSet Research Systems reported earnings of $4.27 per share for the last quarter, slightly below expectations, but saw a revenue increase of 5.9% year-over-year.
• The company declared a quarterly dividend of $1.10, to be paid on September 18th, which reflects a 1.2% yield.

BNP Paribas Financial Markets lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,596 shares of the business services provider's stock after selling 1,768 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of FactSet Research Systems worth $36,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC lifted its stake in shares of FactSet Research Systems by 238.4% during the first quarter. Gabelli Funds LLC now owns 15,230 shares of the business services provider's stock worth $6,924,000 after purchasing an additional 10,730 shares in the last quarter. FORA Capital LLC acquired a new position in shares of FactSet Research Systems during the first quarter worth about $2,612,000. Comerica Bank lifted its stake in shares of FactSet Research Systems by 12.7% during the first quarter. Comerica Bank now owns 12,419 shares of the business services provider's stock worth $5,646,000 after purchasing an additional 1,403 shares in the last quarter. Walleye Trading LLC lifted its stake in shares of FactSet Research Systems by 609.0% during the first quarter. Walleye Trading LLC now owns 709 shares of the business services provider's stock worth $322,000 after purchasing an additional 609 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in shares of FactSet Research Systems by 1,089.8% during the first quarter. Jump Financial LLC now owns 6,056 shares of the business services provider's stock worth $2,753,000 after purchasing an additional 5,547 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Up 0.4%

FactSet Research Systems stock traded up $1.46 during midday trading on Friday, hitting $370.94. The stock had a trading volume of 313,571 shares, 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. The stock has a market cap of $14.03 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.32 and a beta of 0.84. FactSet Research Systems Inc. has a 12 month low of $362.41 and a 12 month high of $499.87. The business has a fifty day moving average price of $404.74 and a 200 day moving average price of $427.56.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Research analysts predict 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 issued 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 payout ratio is currently 31.79%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. 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. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, BMO Capital Markets lifted their target price on 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. Six research 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, FactSet Research Systems currently has an average rating of "Reduce" and a consensus target price of $438.00.

Insider Activity at FactSet Research Systems

In related news, 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 completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction dated 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 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. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 over the last three months. 1.10% of the stock is owned by insiders.

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.