Harrell Investment Partners LLC Purchases New Position in FactSet Research Systems Inc. $FDS

Key Points

• Harrell Investment Partners LLC acquired a new position in FactSet Research Systems Inc. by purchasing 1,653 shares valued at approximately $739,000 in the second quarter.
• Insider transactions reveal a significant sell-off, with Director James J. Mcgonigle selling 2,925 shares at an average price of $451.39, decreasing his ownership by 39.60%.
• FactSet recently declared a quarterly dividend of $1.10 per share, representing an annualized yield of 1.5% and a payout ratio of 28.30%.

Harrell Investment Partners LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,653 shares of the business services provider's stock, valued at approximately $739,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in FactSet Research Systems by 4.9% during the 1st 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. increased its stake in 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 worth $609,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. increased its stake in 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 buying an additional 870 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in FactSet Research Systems during the 1st quarter worth approximately $2,528,000. Finally, Golden State Wealth Management LLC increased its stake in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insiders Place Their Bets

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 transaction of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, valued at $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. Insiders have sold 13,031 shares of company stock worth $5,825,481 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

FactSet Research Systems Trading Down 0.7%

Shares of FactSet Research Systems stock opened at $286.32 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. The stock has a 50 day moving average of $375.54 and a 200 day moving average of $416.86. FactSet Research Systems Inc. has a fifty-two week low of $284.39 and a fifty-two week high of $499.87. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.13 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing analysts' consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The firm had revenue of $596.90 million for the quarter, compared to analyst estimates of $593.32 million. During the same quarter last year, the company earned $3.74 earnings per share. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 29th. FactSet Research Systems's dividend payout ratio is 28.30%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FDS. Evercore ISI dropped their price target on FactSet Research Systems from $394.00 to $328.00 and set an "in-line" rating for the company in a research report on Friday, September 19th. Royal Bank Of Canada restated 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. Morgan Stanley dropped their price target on FactSet Research Systems from $393.00 to $293.00 and set an "underweight" rating for the company in a research report on Friday, September 19th. Rothschild Redb upgraded FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research report on Friday, September 12th. Finally, BMO Capital Markets dropped their price target on FactSet Research Systems from $452.00 to $324.00 and set a "market perform" rating for the company in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $359.10.

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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.