Gabelli Funds LLC Raises Stock Holdings in FactSet Research Systems Inc. $FDS

Key Points

• Gabelli Funds LLC increased its stake in FactSet Research Systems Inc. by 238.4% to $6.92 million, owning 15,230 shares after acquiring an additional 10,730 shares in the first quarter.
• Several institutional investors have modified their holdings, with GAMMA Investing LLC increasing its position by 40,436.2%, now owning 430,089 shares worth approximately $195.5 million.
• FactSet's revenue was $585.52 million in the last quarter, up 5.9% from the previous year, although it missed analysts' EPS estimates by $0.03.

Gabelli Funds LLC raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 238.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,230 shares of the business services provider's stock after purchasing an additional 10,730 shares during the quarter. Gabelli Funds LLC's holdings in FactSet Research Systems were worth $6,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FDS. Crossmark Global Holdings Inc. lifted its holdings in shares of FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after buying an additional 38 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after acquiring an additional 870 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of FactSet Research Systems in the 1st quarter worth about $2,528,000. Finally, Golden State Wealth Management LLC grew its position in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 2.0%

NYSE FDS traded down $7.40 during trading hours on Tuesday, reaching $365.93. 268,329 shares of the company's stock traded hands, compared to its average volume of 337,069. FactSet Research Systems Inc. has a 52-week low of $362.41 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50-day simple moving average of $410.29 and a 200 day simple moving average of $429.87. The firm has a market cap of $13.84 billion, a PE ratio of 26.43, a PEG ratio of 2.44 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same period in the prior year, the business posted $4.37 EPS. FactSet Research Systems's revenue for the quarter 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. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's payout ratio is 31.79%.

Insider Transactions at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were 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 in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped 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. Evercore ISI reduced their price target 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. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley lifted their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Finally, Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price 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.