Dock Street Asset Management Inc. Decreases Position in FactSet Research Systems Inc. $FDS

Key Points

• Dock Street Asset Management Inc. significantly reduced its investment in FactSet Research Systems Inc. by 57.0% during the second quarter, leaving it with 1,021 shares valued at approximately $457,000.
• The company reported Q4 earnings of $4.05 per share, falling short of analyst expectations of $4.13, despite a 6.2% year-over-year revenue increase to $596.90 million.
• Insider trading activity included purchases by executives, with Helen L. Shan acquiring 370 shares at $275.48 each, indicating continued executive confidence in the stock.

Dock Street Asset Management Inc. trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 57.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,021 shares of the business services provider's stock after selling 1,356 shares during the period. Dock Street Asset Management Inc.'s holdings in FactSet Research Systems were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock valued at $240,070,000 after buying an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. grew its stake in FactSet Research Systems by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock valued at $229,940,000 after buying an additional 4,693 shares in the last quarter. Invesco Ltd. grew its stake in FactSet Research Systems by 7.6% in the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock valued at $223,091,000 after buying an additional 34,549 shares in the last quarter. Finally, Northern Trust Corp grew its stake in FactSet Research Systems by 1.9% in the 1st quarter. Northern Trust Corp now owns 405,616 shares of the business services provider's stock valued at $184,409,000 after buying an additional 7,436 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $285.63 on Wednesday. FactSet Research Systems Inc. has a 52-week low of $272.50 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. The company has a market capitalization of $10.80 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.11 and a beta of 0.79. The company has a fifty day moving average of $339.31 and a 200-day moving average of $401.76.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the firm posted $3.74 earnings per share. The business's revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems's payout ratio is currently 28.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FDS shares. Huber Research upgraded shares of FactSet Research Systems to a "strong sell" rating in a research note on Friday, September 19th. Barclays cut their price target on shares of FactSet Research Systems from $390.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, September 19th. Morgan Stanley cut their price target on shares of FactSet Research Systems from $393.00 to $293.00 and set an "underweight" rating for the company in a report on Friday, September 19th. Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a report on Friday, September 12th. Finally, UBS Group raised shares of FactSet Research Systems from a "neutral" rating to a "buy" rating and cut their price target for the company from $480.00 to $425.00 in a report on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Reduce" and an average price target of $356.78.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Helen L. Shan purchased 370 shares of the stock in a transaction on Monday, October 6th. The stock was acquired at an average cost of $275.48 per share, with a total value of $101,927.60. Following the completion of the purchase, the executive vice president directly owned 9,284 shares of the company's stock, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Mcloughlin purchased 338 shares of the stock in a transaction on Tuesday, September 23rd. The stock was acquired at an average cost of $296.19 per share, with a total value of $100,112.22. Following the completion of the purchase, the insider directly owned 3,446 shares of the company's stock, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.

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