FactSet Research Systems Inc. $FDS Shares Acquired by Interval Partners LP

Key Points

• Interval Partners LP increased its stake in FactSet Research Systems by 14.8% during the first quarter, owning 23,369 shares valued at approximately $10.6 million.
• FactSet recently declared a quarterly dividend of $1.10 per share, with an ex-dividend date on August 29th, representing a 1.2% yield.
• After posting quarterly earnings, FactSet's EPS missed estimates at $4.27, but revenue grew by 5.9% year-over-year, reaching $585.52 million.

Interval Partners LP grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,369 shares of the business services provider's stock after purchasing an additional 3,007 shares during the quarter. Interval Partners LP owned approximately 0.06% of FactSet Research Systems worth $10,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Crossmark Global Holdings Inc. increased its holdings in shares of FactSet Research Systems by 4.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock valued at $368,000 after acquiring an additional 38 shares during the period. QRG Capital Management Inc. increased its holdings in shares of FactSet Research Systems by 4.7% in the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after acquiring an additional 60 shares during the period. Bessemer Group Inc. increased its holdings in shares of FactSet Research Systems by 284.3% in the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after acquiring an additional 870 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of FactSet Research Systems in the 1st quarter valued at $2,528,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Wells Fargo & Company dropped their price objective on shares of FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating on the stock in a research note on Friday, September 5th. Evercore ISI dropped their price objective on shares of FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a research note on Wednesday. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $431.25.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This represents a 98.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction dated 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 approximately $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS traded down $11.21 during trading on Wednesday, hitting $361.66. 106,314 shares of the company were exchanged, compared to its average volume of 338,167. The company has a market cap of $13.67 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.34 and a beta of 0.84. FactSet Research Systems Inc. has a 1 year low of $361.98 and a 1 year high of $499.87. The firm's fifty day moving average price is $401.76 and its 200 day moving average price is $426.31. 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 released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate 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 business had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the prior year, the firm earned $4.37 earnings per share. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, 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 will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's dividend payout ratio is 31.79%.

FactSet Research Systems 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.