Great Lakes Advisors LLC Has $341,000 Stake in FactSet Research Systems Inc. $FDS

Key Points

• Great Lakes Advisors LLC significantly reduced its holdings in FactSet Research Systems Inc., selling 7,771 shares and decreasing its position by 91.2%, leaving it with only 751 shares valued at $341,000.
• Several large investors increased their stakes in FactSet during the first quarter, with Caitong International Asset Management raising its position by 4,200%, now owning 86 shares valued at $39,000.
• FactSet recently reported quarterly earnings of $4.27 per share, missing estimates, and plans to distribute a quarterly dividend of $1.10 on September 18th with a dividend yield of 1.2%.

Great Lakes Advisors LLC lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 91.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 751 shares of the business services provider's stock after selling 7,771 shares during the period. Great Lakes Advisors LLC's holdings in FactSet Research Systems were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FDS. SouthState Corp lifted its stake in 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. Caitong International Asset Management Co. Ltd raised its holdings 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 buying an additional 84 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of FactSet Research Systems during the 1st quarter worth $41,000. American National Bank & Trust bought a new stake in shares of FactSet Research Systems during the 1st quarter worth $44,000. Finally, Bank of Jackson Hole Trust boosted its stake 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 buying an additional 62 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last quarter. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on FDS shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note 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. Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research note on Friday. BMO Capital Markets raised their target price 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. Finally, Evercore ISI decreased their target price on shares of FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a research note on Wednesday, September 10th. Eight investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $424.44.

FactSet Research Systems Trading Down 4.7%

NYSE:FDS traded down $17.15 during trading hours on Monday, hitting $344.69. 842,690 shares of the company were exchanged, compared to its average volume of 412,373. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. FactSet Research Systems Inc. has a one year low of $343.60 and a one year high of $499.87. The company has a fifty day simple moving average of $394.71 and a 200 day simple moving average of $423.30. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

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

FactSet Research Systems Announces Dividend

The company also recently disclosed 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 1.3%. FactSet Research Systems's dividend payout ratio is 31.79%.

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.