Erste Asset Management GmbH Sells 849 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Erste Asset Management GmbH reduced its holdings in FactSet Research Systems by 6.2%, now owning 12,873 shares valued at $5.8 million.
• Multiple institutional investors increased their positions in FactSet Research Systems, with Marshall Wace LLP raising its stake by 225.1%.
• FactSet recently declared a quarterly dividend of $1.10 per share, resulting in an annualized dividend yield of 1.1%.

Erste Asset Management GmbH lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,873 shares of the business services provider's stock after selling 849 shares during the period. Erste Asset Management GmbH's holdings in FactSet Research Systems were worth $5,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FDS. Marshall Wace LLP lifted its stake in FactSet Research Systems by 225.1% in the fourth quarter. Marshall Wace LLP now owns 7,969 shares of the business services provider's stock worth $3,827,000 after purchasing an additional 5,518 shares during the last quarter. Forum Financial Management LP bought a new stake in FactSet Research Systems in the fourth quarter worth about $249,000. First Trust Advisors LP lifted its stake in FactSet Research Systems by 397.3% in the fourth quarter. First Trust Advisors LP now owns 8,917 shares of the business services provider's stock worth $4,283,000 after purchasing an additional 7,124 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FactSet Research Systems by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,495 shares of the business services provider's stock worth $126,557,000 after purchasing an additional 10,326 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in FactSet Research Systems by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 10,651 shares of the business services provider's stock worth $5,115,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on FDS. 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. Evercore ISI decreased their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets raised 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 report on Friday, June 20th. Finally, Wells Fargo & Company raised 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 report on Friday, June 20th. Six investment 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 presently has an average rating of "Reduce" and a consensus price target of $444.25.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $387.1370 on Thursday. The firm has a market cap of $14.64 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83. The firm's 50 day simple moving average is $417.80 and its 200-day simple moving average is $434.99. FactSet Research Systems Inc. has a one year low of $365.76 and a one year high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business's revenue was up 5.9% compared to the same quarter last year. During the same period last 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 predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm 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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.79%.

Insider Activity at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred 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 transaction, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 over the last ninety days. 1.10% of the stock is owned by company insiders.

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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