FactSet Research Systems Inc. $FDS Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in FactSet Research Systems by 7.0%, selling 942 shares, bringing their total ownership to 12,468 shares valued at $5,668,000.
• Several other investors also adjusted their positions, with Bessemer Group Inc. increasing its holdings by 284.3%, now owning 1,176 shares worth $535,000.
• FactSet recently announced a quarterly dividend of $1.10 per share, indicating an annualized dividend yield of 1.2% and a payout ratio of 31.79%.

Rafferty Asset Management LLC lessened its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,468 shares of the business services provider's stock after selling 942 shares during the period. Rafferty Asset Management LLC's holdings in FactSet Research Systems were worth $5,668,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FDS. SouthState Corp lifted its stake in shares of FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after acquiring an additional 56 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after acquiring an additional 84 shares during the period. American National Bank & Trust acquired a new stake in shares of FactSet Research Systems in the 1st quarter worth $44,000. Finally, Bank of Jackson Hole Trust lifted its stake in shares of FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore ISI reduced 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 note on Monday, June 16th. 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 note 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 note on Thursday, June 26th. BMO Capital Markets raised 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. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

NYSE:FDS traded up $0.89 during mid-day trading on Wednesday, hitting $369.77. 57,109 shares of the company's stock traded hands, compared to its average volume of 336,797. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm's 50 day simple moving average is $408.93 and its 200 day simple moving average is $429.45. FactSet Research Systems Inc. has a 1 year low of $362.41 and a 1 year high of $499.87. The company has a market cap of $13.98 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The firm had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.10 per share. 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 currently 31.79%.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the sale, the director owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 over the last ninety days. 1.10% of the stock is owned by company insiders.

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.