Raymond James Financial Inc. Increases Position in FactSet Research Systems Inc. $FDS

Key Points

• Raymond James Financial Inc. increased its stake in FactSet Research Systems by 2.4% in Q1, now holding approximately 147,316 shares valued at $66.98 million.
• FactSet recently reported $4.27 EPS for the quarter, slightly missing the consensus estimate, while revenues rose by 5.9% year-over-year.
• The company has announced a quarterly dividend of $1.10 per share, indicating an annualized dividend yield of 1.1% and a payout ratio of 31.79%.

Raymond James Financial Inc. increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,316 shares of the business services provider's stock after purchasing an additional 3,384 shares during the period. Raymond James Financial Inc. owned approximately 0.39% of FactSet Research Systems worth $66,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kolinsky Wealth Management LLC raised its position in shares of FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after acquiring an additional 23 shares during the period. Fifth Third Bancorp raised its position in shares of FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after acquiring an additional 23 shares during the period. Geller Advisors LLC raised its position in shares of FactSet Research Systems by 5.6% in the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after acquiring an additional 25 shares during the period. Birch Capital Management LLC raised its position in shares of FactSet Research Systems by 0.3% in the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock worth $3,915,000 after acquiring an additional 25 shares during the period. Finally, Alps Advisors Inc. raised its position in shares of FactSet Research Systems by 3.1% in the first quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 sale, 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 three months, insiders have sold 13,031 shares of company stock worth $5,825,481. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FDS. BMO Capital Markets upped their price objective 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. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their price objective 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, 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 report on Monday, June 16th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $444.25.

FactSet Research Systems Price Performance

FDS stock traded up $3.84 during trading on Friday, hitting $380.80. The stock had a trading volume of 380,118 shares, compared to its average volume of 443,092. 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 Inc. has a twelve month low of $365.76 and a twelve month high of $499.87. The stock has a market capitalization of $14.40 billion, a P/E ratio of 27.51, a PEG ratio of 2.49 and a beta of 0.83. The company's 50-day moving average price is $416.06 and its two-hundred day moving average price is $433.51.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The firm had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The company'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. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company 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 $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is presently 31.79%.

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.