FORA Capital LLC Acquires Shares of 5,746 FactSet Research Systems Inc. $FDS

Key Points

• FORA Capital LLC purchased a new stake in FactSet Research Systems Inc., acquiring 5,746 shares valued at approximately $2.61 million during the first quarter.
• Insider transactions showed significant sell-offs, with the Chief Accounting Officer and a Director reducing their holdings by 98.27% and 39.60%, respectively, during recent stock sales.
• FactSet Research Systems announced a quarterly dividend of $1.10 per share, with the ex-dividend date set for August 29th, representing an annualized yield of 1.2%.

FORA Capital LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,746 shares of the business services provider's stock, valued at approximately $2,612,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDS. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the first 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 last quarter. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in FactSet Research Systems by 4,200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after acquiring an additional 84 shares during the last quarter. American National Bank & Trust bought a new stake in FactSet Research Systems in the first quarter valued at approximately $44,000. Finally, Bank of Jackson Hole Trust boosted its holdings in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on FDS. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Evercore ISI reduced their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Finally, UBS Group reissued 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $444.25.

FactSet Research Systems Stock Down 0.7%

Shares of NYSE:FDS traded down $2.60 during trading on Monday, reaching $373.17. 334,679 shares of the stock were exchanged, compared to its average volume of 429,195. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a 1-year low of $365.76 and a 1-year high of $499.87. The stock has a fifty day moving average of $410.29 and a two-hundred day moving average of $429.87. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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 return on equity of 31.59% and a net margin of 23.30%.The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter last year, the company posted $4.37 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a dividend of $1.10 per share. 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 dividend payout ratio is 31.79%.

Insider Buying and Selling

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction on 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 trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate 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.