Hsbc Holdings PLC Raises Holdings in FactSet Research Systems Inc. $FDS

Key Points

• Hsbc Holdings PLC has increased its stake in FactSet Research Systems by 4.1%, holding a total of 109,776 shares valued at approximately $49.8 million.
• FactSet reported a quarterly earnings miss with EPS of $4.27, slightly below the consensus estimate of $4.30, despite revenue exceeding expectations at $585.52 million.
• The company has announced a quarterly dividend of $1.10, representing an annualized dividend yield of 1.2%, payable to shareholders on September 18th.

Hsbc Holdings PLC lifted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 109,776 shares of the business services provider's stock after acquiring an additional 4,280 shares during the period. Hsbc Holdings PLC owned approximately 0.29% of FactSet Research Systems worth $49,805,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kolinsky Wealth Management LLC lifted its holdings in FactSet Research Systems by 3.2% in the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after acquiring an additional 23 shares during the period. Fifth Third Bancorp lifted its holdings in FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock valued at $668,000 after acquiring an additional 23 shares during the period. Geller Advisors LLC lifted its holdings in FactSet Research Systems by 5.6% in the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock valued at $225,000 after acquiring an additional 25 shares during the period. Birch Capital Management LLC lifted its holdings in FactSet Research Systems by 0.3% in the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock valued at $3,915,000 after acquiring an additional 25 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in FactSet Research Systems by 3.1% in the first quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock valued at $374,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Down 2.8%

Shares of FDS opened at $376.8840 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems Inc. has a one year low of $365.76 and a one year high of $499.87. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 2.53 and a beta of 0.83. The stock has a 50 day moving average price of $416.85 and a 200 day moving average price of $434.35.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 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 firm had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast 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 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 is Friday, August 29th. FactSet Research Systems's dividend payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

FDS has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI decreased their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Wells Fargo & Company upped their target price on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Reduce" and a consensus price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, 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 completion of the sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a filing 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 sale, the executive vice president owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.

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