FactSet Research Systems Inc. $FDS Stock Position Reduced by Aberdeen Group plc

Key Points

• Aberdeen Group plc reduced its position in FactSet Research Systems by 59.3% to own about 0.08% of the company, worth approximately $13.8 million.
• FactSet reported earnings per share of $4.27, missing estimates, but showed a 5.9% increase in revenue year-over-year, totaling $585.52 million.
• The company declared a quarterly dividend of $1.10 per share with a dividend yield of 1.2%, to be paid on September 18th.

Aberdeen Group plc lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 59.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,575 shares of the business services provider's stock after selling 44,501 shares during the period. Aberdeen Group plc owned about 0.08% of FactSet Research Systems worth $13,802,000 as of its most recent SEC filing.

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

FactSet Research Systems Stock Up 0.3%

Shares of FDS stock opened at $370.71 on Tuesday. FactSet Research Systems Inc. has a 1 year low of $365.76 and a 1 year high of $499.87. The stock has a market cap of $14.02 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.41 and a beta of 0.83. The business's fifty day moving average is $419.56 and its 200-day moving average is $435.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same quarter last year, the business posted $4.37 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on FDS. Wells Fargo & Company increased their price target on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. BMO Capital Markets increased their price target on 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. Evercore ISI dropped their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Morgan Stanley boosted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and a consensus target price of $444.25.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the transaction, the executive vice president owned 23,952 shares in the company, valued at $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by company insiders.

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.

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