Dimensional Fund Advisors LP Grows Stock Position in FactSet Research Systems Inc. $FDS

Key Points

• Dimensional Fund Advisors LP increased its stake in FactSet Research Systems by 2.3%, acquiring an additional 6,039 shares, bringing its total ownership to 269,534 shares valued at approximately $122.5 million.
• FactSet reported a quarterly earnings miss with EPS of $4.27, falling short of the consensus estimate of $4.30, although revenue increased by 5.9% compared to the previous year.
• The company recently declared a quarterly dividend of $1.10 per share, resulting in an annualized dividend of $4.40 and a yield of 1.2%.

Dimensional Fund Advisors LP boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 269,534 shares of the business services provider's stock after purchasing an additional 6,039 shares during the period. Dimensional Fund Advisors LP owned approximately 0.71% of FactSet Research Systems worth $122,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Horizon Investments LLC grew its position in FactSet Research Systems by 4.8% during the 1st quarter. Horizon Investments LLC now owns 544 shares of the business services provider's stock worth $247,000 after purchasing an additional 25 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of FactSet Research Systems by 1.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 9,485 shares of the business services provider's stock worth $4,312,000 after acquiring an additional 99 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of FactSet Research Systems by 84.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 10,515 shares of the business services provider's stock worth $4,781,000 after acquiring an additional 4,809 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of FactSet Research Systems by 4.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,096 shares of the business services provider's stock worth $498,000 after acquiring an additional 46 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after acquiring an additional 84 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded up $0.37 during midday trading on Wednesday, reaching $380.37. The company had a trading volume of 403,031 shares, compared to its average volume of 464,880. The company has a market capitalization of $14.38 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.48 and a beta of 0.83. FactSet Research Systems Inc. has a 12-month low of $365.76 and a 12-month high of $499.87. The firm's fifty day simple moving average is $413.53 and its 200-day simple moving average is $431.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm'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 transaction, the chief accounting officer directly owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the firm'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 transaction of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock valued at $5,825,481 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FDS shares. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $444.25.

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.