Comerica Bank Has $5.65 Million Position in FactSet Research Systems Inc. $FDS

Key Points

• Comerica Bank has increased its holdings in FactSet Research Systems by 12.7% in Q1, owning a total of 12,419 shares worth $5.65 million.
• FactSet Research Systems reported earnings of $4.27 per share, missing analysts' estimates by $0.03, while revenues increased by 5.9% year-over-year.
• The company declared a quarterly dividend of $1.10 per share, reflecting an annualized yield of 1.2%, with a payout ratio of 31.79%.

Comerica Bank grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 12.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,419 shares of the business services provider's stock after buying an additional 1,403 shares during the period. Comerica Bank's holdings in FactSet Research Systems were worth $5,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDS. GAMMA Investing LLC raised its holdings in FactSet Research Systems by 40,436.2% during the first quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after purchasing an additional 429,028 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in FactSet Research Systems during the fourth quarter worth approximately $66,368,000. Vanguard Group Inc. raised its holdings in FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock worth $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Nuveen LLC bought a new stake in FactSet Research Systems during the first quarter worth approximately $54,148,000. Finally, Vest Financial LLC bought a new stake in FactSet Research Systems during the first quarter worth approximately $52,445,000. Institutional investors own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" 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. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, Evercore ISI decreased their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and an average price target of $444.25.

Insiders Place Their Bets

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on 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 sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Down 0.7%

NYSE FDS traded down $2.60 on Monday, hitting $373.17. 334,679 shares of the stock were exchanged, compared to its average volume of 429,195. FactSet Research Systems Inc. has a 52-week low of $365.76 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 2.44 and a beta of 0.84. The company's 50-day moving average price is $411.56 and its two-hundred day moving average price is $430.45.

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 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 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 earnings per share. The company's revenue for the quarter was up 5.9% on a year-over-year basis. 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 Dividend Announcement

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

About FactSet Research Systems

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.