Gen Wealth Partners Inc Has $1.38 Million Holdings in FactSet Research Systems Inc. $FDS

Key Points

• Gen Wealth Partners Inc increased its stake in FactSet Research Systems Inc. by 78% in Q1, holding 3,032 shares valued at approximately $1.38 million at the quarter's end.
• The company recently announced a quarterly dividend of $1.10 per share, with a yield of 1.2%, set to be paid on September 18th.
• FactSet's latest earnings report showed an EPS of $4.27, slightly missing analyst estimates, while revenue was up 5.9% year-over-year.

Gen Wealth Partners Inc lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 78.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,032 shares of the business services provider's stock after purchasing an additional 1,329 shares during the period. Gen Wealth Partners Inc's holdings in FactSet Research Systems were worth $1,379,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter valued at about $29,000. SouthState Corp grew its stake in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after buying an additional 84 shares during the last quarter. Bank of Jackson Hole Trust grew its stake in FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock valued at $44,000 after buying an additional 62 shares during the last quarter. Finally, American National Bank & Trust bought a new stake in FactSet Research Systems in the 1st quarter valued at about $44,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the 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 sale, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

FactSet Research Systems Price Performance

NYSE:FDS traded up $1.09 on Monday, hitting $370.71. The company had a trading volume of 465,027 shares, compared to its average volume of 394,161. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.41 and a beta of 0.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $419.56 and a two-hundred day moving average of $435.75. FactSet Research Systems Inc. has a 52 week low of $365.76 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released 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). The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.37 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend 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 presently 31.79%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FDS. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley increased 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. BMO Capital Markets increased their target price on shares of 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. Finally, Evercore ISI decreased their target price on shares of 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. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems 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.