Kayne Anderson Rudnick Investment Management LLC Sells 162,869 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its holdings in FactSet Research Systems by 13.2%, now owning approximately 1.2% of the company, valued at about $489 million.
• FactSet Research Systems recently reported earnings per share of $4.27, falling short of estimates by $0.03, despite achieving 5.9% revenue growth compared to the previous year.
• The company declared a quarterly dividend of $1.10, with an annualized yield of 1.2% and a dividend payout ratio of 31.79%.

Kayne Anderson Rudnick Investment Management LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 13.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,075,653 shares of the business services provider's stock after selling 162,869 shares during the quarter. FactSet Research Systems comprises 1.2% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 27th biggest position. Kayne Anderson Rudnick Investment Management LLC owned 2.83% of FactSet Research Systems worth $489,035,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Comerica Bank grew its position in shares of FactSet Research Systems by 12.7% during the 1st quarter. Comerica Bank now owns 12,419 shares of the business services provider's stock worth $5,646,000 after buying an additional 1,403 shares during the period. Walleye Trading LLC boosted its stake in FactSet Research Systems by 609.0% in the first quarter. Walleye Trading LLC now owns 709 shares of the business services provider's stock valued at $322,000 after acquiring an additional 609 shares during the last quarter. Jump Financial LLC grew its holdings in FactSet Research Systems by 1,089.8% during the 1st quarter. Jump Financial LLC now owns 6,056 shares of the business services provider's stock worth $2,753,000 after acquiring an additional 5,547 shares during the period. AlphaQuest LLC raised its position in shares of FactSet Research Systems by 1,049.5% during the 1st quarter. AlphaQuest LLC now owns 4,253 shares of the business services provider's stock valued at $1,934,000 after acquiring an additional 3,883 shares during the last quarter. Finally, Allstate Corp lifted its stake in shares of FactSet Research Systems by 81.2% in the 1st quarter. Allstate Corp now owns 2,026 shares of the business services provider's stock valued at $921,000 after purchasing an additional 908 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Down 1.2%

FDS traded down $4.48 during trading on Thursday, hitting $375.74. The company had a trading volume of 298,522 shares, compared to its average volume of 337,600. The company has a market capitalization of $14.21 billion, a PE ratio of 27.15, a PEG ratio of 2.48 and a beta of 0.83. 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 one year low of $365.76 and a one year high of $499.87. The firm's 50-day moving average price is $413.53 and its 200 day moving average price is $431.96.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (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 the consensus estimate 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last 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, equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 annualized dividend and a yield of 1.2%. FactSet Research Systems's payout ratio is presently 31.79%.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on 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 transaction, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FDS shares. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research report on Friday, June 20th. Finally, Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $444.25.

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.