Millennium Management LLC Buys 40,800 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Millennium Management LLC increased its stake in FactSet Research Systems by 58.6% during Q1, owning 110,409 shares valued at approximately $50.2 million.
• FactSet's most recent earnings report revealed an EPS of $4.27, missing the consensus estimate by $0.03, but revenue grew by 5.9% year-over-year to $585.52 million.
• The company announced a quarterly dividend of $1.10 per share, which represents an annualized yield of 1.2%, set to be paid on September 18th.

Millennium Management LLC raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 58.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,409 shares of the business services provider's stock after acquiring an additional 40,800 shares during the quarter. Millennium Management LLC owned approximately 0.29% of FactSet Research Systems worth $50,196,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in shares of FactSet Research Systems by 4.9% during the first 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. lifted its holdings in shares of FactSet Research Systems by 4.7% during the first 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. lifted its holdings in shares of FactSet Research Systems by 284.3% during the first 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 bought a new position in shares of FactSet Research Systems in the first quarter valued at about $2,528,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after buying an additional 88 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Transactions at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the business'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 completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Morgan Stanley lifted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and cut their price target for the company from $415.00 to $370.00 in a report on Friday. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $424.44.

FactSet Research Systems Trading Down 2.2%

FDS stock traded down $8.10 during midday trading on Friday, reaching $362.41. The stock had a trading volume of 444,387 shares, compared to its average volume of 341,385. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.26 and a beta of 0.84. FactSet Research Systems Inc. has a twelve month low of $360.82 and a twelve month high of $499.87. The business has a fifty day simple moving average of $398.48 and a two-hundred day simple moving average of $425.23. 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 (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.FactSet Research Systems's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is presently 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.