FactSet Research Systems Inc. $FDS Shares Sold by Canoe Financial LP

Key Points

• Canoe Financial LP decreased its position in FactSet Research Systems by 6.1%, now holding 24,555 shares valued at approximately $10.98 million.
• FactSet recently announced a quarterly dividend of $1.10 per share, leading to an annualized dividend yield of 1.5%.
• The company reported $4.05 EPS for the last quarter, missing analysts' estimates, while quarterly revenue was up 6.2% year-over-year.

Canoe Financial LP lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,555 shares of the business services provider's stock after selling 1,600 shares during the quarter. Canoe Financial LP owned 0.06% of FactSet Research Systems worth $10,983,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock worth $2,180,160,000 after buying an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in FactSet Research Systems by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock worth $240,070,000 after buying an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in FactSet Research Systems by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock worth $229,940,000 after buying an additional 4,693 shares in the last quarter. Invesco Ltd. lifted its holdings in FactSet Research Systems by 7.6% in the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock worth $223,091,000 after buying an additional 34,549 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock worth $195,536,000 after buying an additional 429,028 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Insider Activity at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the business'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 completion of the sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares of the company's stock, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock valued at $5,825,481 in the last quarter. Insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $301.39 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 fifty-two week low of $297.86 and a fifty-two week high of $499.87. The firm has a 50-day simple moving average of $387.51 and a 200 day simple moving average of $421.08. The company has a market cap of $11.40 billion, a PE ratio of 21.78, a P/E/G ratio of 2.10 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts' consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the company earned $3.74 EPS. FactSet Research Systems's quarterly revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems's dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI cut 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 report on Wednesday, September 10th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research report on Friday, September 12th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and dropped their target price for the stock from $415.00 to $370.00 in a research report on Friday, September 12th. Finally, Wells Fargo & Company dropped their target price on shares of FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating for the company in a research report on Friday, September 5th. Eight equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $424.44.

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.

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