Copeland Capital Management LLC Decreases Stake in FactSet Research Systems Inc. $FDS

Key Points

• Copeland Capital Management LLC reduced its stake in FactSet Research Systems by 10.3%, owning approximately 58,101 shares worth about $25.98 million after selling 6,648 shares.
• FactSet Research Systems has faced negative analyst sentiment, with Zacks lowering its rating to "strong sell" and several firms reducing their target prices significantly.
• The company recently announced a quarterly dividend of $1.10, reflecting an annualized dividend of $4.40 and a yield of 1.6%.

Copeland Capital Management LLC lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,101 shares of the business services provider's stock after selling 6,648 shares during the quarter. Copeland Capital Management LLC owned about 0.15% of FactSet Research Systems worth $25,988,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in FactSet Research Systems by 6.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,370 shares of the business services provider's stock valued at $2,099,000 after buying an additional 251 shares in the last quarter. Rhumbline Advisers grew its holdings in FactSet Research Systems by 5.5% during the 1st quarter. Rhumbline Advisers now owns 83,310 shares of the business services provider's stock valued at $37,876,000 after buying an additional 4,364 shares in the last quarter. Merit Financial Group LLC purchased a new position in FactSet Research Systems during the 1st quarter valued at about $502,000. Contravisory Investment Management Inc. purchased a new position in FactSet Research Systems during the 1st quarter valued at about $508,000. Finally, Naples Global Advisors LLC grew its holdings in FactSet Research Systems by 3.7% during the 1st quarter. Naples Global Advisors LLC now owns 4,268 shares of the business services provider's stock valued at $1,940,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

FDS has been the subject of a number of recent analyst reports. Zacks Research lowered FactSet Research Systems from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 23rd. Stifel Nicolaus reduced their target price on FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating for the company in a report on Friday, September 19th. BMO Capital Markets reduced their target price on FactSet Research Systems from $452.00 to $324.00 and set a "market perform" rating for the company in a report on Friday, September 19th. Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and reduced their target price for the company from $415.00 to $370.00 in a report on Friday, September 12th. Finally, Huber Research raised FactSet Research Systems to a "strong sell" rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $359.10.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was 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 in the company, valued at $19,474.40. The trade was a 98.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Down 1.7%

Shares of NYSE FDS opened at $281.98 on Friday. FactSet Research Systems Inc. has a 12 month low of $280.20 and a 12 month high of $499.87. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.12 and a beta of 0.79. The business has a 50-day moving average of $358.98 and a 200-day moving average of $410.73.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business had revenue of $596.90 million for the quarter, compared to analysts' expectations of $593.32 million. During the same period in the previous year, the firm posted $3.74 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a $1.10 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. FactSet Research Systems's payout ratio is presently 28.30%.

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.

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