FactSet Research Systems Inc. $FDS Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in FactSet Research Systems by 52.3%, acquiring 1,249 additional shares, bringing its total holdings to 3,637 shares valued at approximately $1.644 million.
• Insider transactions include EVP Christopher R. Ellis selling 7,606 shares and Director James J. Mcgonigle selling 2,925 shares, indicating a significant decrease in their ownership positions of 24.10% and 39.60%, respectively.
• FactSet Research Systems recently reported earnings of $4.27 per share, missing expectations slightly, and declared a quarterly dividend of $1.10 per share, with an annualized yield of 1.2%.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 52.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,637 shares of the business services provider's stock after buying an additional 1,249 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in FactSet Research Systems were worth $1,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Van Lanschot Kempen Investment Management N.V. raised its stake in FactSet Research Systems by 13.5% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 13,636 shares of the business services provider's stock valued at $6,199,000 after buying an additional 1,623 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in FactSet Research Systems by 819.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,109 shares of the business services provider's stock valued at $5,505,000 after buying an additional 10,792 shares in the last quarter. Hsbc Holdings PLC raised its stake in FactSet Research Systems by 4.1% in the first quarter. Hsbc Holdings PLC now owns 109,776 shares of the business services provider's stock valued at $49,805,000 after buying an additional 4,280 shares in the last quarter. Andina Capital Management LLC raised its stake in FactSet Research Systems by 23.7% in the first quarter. Andina Capital Management LLC now owns 907 shares of the business services provider's stock valued at $412,000 after buying an additional 174 shares in the last quarter. Finally, Korea Investment CORP raised its stake in FactSet Research Systems by 23.2% in the first quarter. Korea Investment CORP now owns 17,526 shares of the business services provider's stock valued at $7,968,000 after buying an additional 3,300 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their position. 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 quarter. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDS. Evercore ISI cut their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. BMO Capital Markets raised their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Finally, Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to 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

NYSE FDS opened at $380.80 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52-week low of $365.76 and a 52-week high of $499.87. The business's 50-day moving average price is $416.06 and its 200 day moving average price is $433.75. The firm has a market cap of $14.40 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.46 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same period in the prior year, the business earned $4.37 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

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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