Federation des caisses Desjardins du Quebec Has $4.82 Million Stock Holdings in FactSet Research Systems Inc. $FDS

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in FactSet Research Systems Inc. by 12.9% during the first quarter, holding 10,583 shares valued at approximately $4.81 million.
• Significant insider selling occurred recently, with CAO Gregory T. Moskoff and EVP Christopher R. Ellis selling 2,500 and 7,606 shares respectively, indicating a considerable decrease in their holdings.
• FactSet Research Systems has reported earnings of $4.27 per share for the latest quarter, slightly below analysts' expectations, while revenue increased by 5.9% compared to the previous year.

Federation des caisses Desjardins du Quebec boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 12.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,583 shares of the business services provider's stock after purchasing an additional 1,207 shares during the period. Federation des caisses Desjardins du Quebec's holdings in FactSet Research Systems were worth $4,815,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its holdings in shares of FactSet Research Systems by 4.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 1,255 shares of the business services provider's stock worth $603,000 after acquiring an additional 55 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $234,000. BNP Paribas Financial Markets increased its holdings in FactSet Research Systems by 94.8% in the fourth quarter. BNP Paribas Financial Markets now owns 81,364 shares of the business services provider's stock worth $39,078,000 after buying an additional 39,593 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in FactSet Research Systems by 28.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,962 shares of the business services provider's stock worth $943,000 after buying an additional 433 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in FactSet Research Systems during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded down $2.32 on Tuesday, hitting $373.02. 392,430 shares of the company were exchanged, compared to its average volume of 339,517. FactSet Research Systems Inc. has a one year low of $362.41 and a one year high of $499.87. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.32 and a beta of 0.84. The company's 50 day moving average price is $403.30 and its two-hundred day moving average price is $426.68. 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 posted its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $580.70 million. During the same period last year, the company earned $4.37 EPS. The company's revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared 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. 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 payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

FDS has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Evercore ISI reduced their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. BMO Capital Markets boosted 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, Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report 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 data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Reduce" and a consensus target price of $438.00.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated Tuesday, July 8th. The shares were 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 of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock valued at $5,825,481 in the last 90 days. 1.10% of the stock is currently 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.