FactSet Research Systems Inc. $FDS Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in FactSet Research Systems Inc. by 4.3%, holding 38,972 shares valued at approximately $17.7 million after selling 1,771 shares in Q1.
• Several large investors, including Vanguard Group and Invesco Ltd., have increased their stakes in FactSet Research Systems, with Invesco lifting its stake by 7.6%.
• FactSet announced a quarterly dividend of $1.10 per share, resulting in an annualized yield of 1.2%, with the ex-dividend date set for August 29.

Alliancebernstein L.P. lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,972 shares of the business services provider's stock after selling 1,771 shares during the quarter. Alliancebernstein L.P. owned approximately 0.10% of FactSet Research Systems worth $17,718,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its stake in FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after purchasing an additional 38 shares in the last quarter. QRG Capital Management Inc. grew its stake in FactSet Research Systems by 4.7% in the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after purchasing an additional 60 shares in the last quarter. Bessemer Group Inc. grew its stake in FactSet Research Systems by 284.3% in the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new position in FactSet Research Systems in the first quarter worth approximately $2,528,000. Finally, Golden State Wealth Management LLC grew its stake in 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 worth $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company lowered their target price on FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating for the company in a report on Friday, September 5th. BMO Capital Markets upped their target price 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. Finally, Rothschild Redb upgraded FactSet Research Systems from a "strong sell" rating to a "hold" rating in a report on Friday. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $424.44.

FactSet Research Systems Stock Down 2.2%

Shares of FDS traded down $8.10 during midday trading on Friday, hitting $362.41. 444,387 shares of the company's stock traded hands, compared to its average volume of 414,742. FactSet Research Systems Inc. has a 1 year low of $360.82 and a 1 year high of $499.87. The firm's fifty day moving average is $396.77 and its 200-day moving average is $424.54. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued 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). The business had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a $1.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Insider Buying and Selling

In related news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock worth $5,825,481 in the last 90 days. Insiders own 1.10% of the company's stock.

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.