Jump Financial LLC Boosts Holdings in FactSet Research Systems Inc. $FDS

Key Points

• Jump Financial LLC significantly increased its stake in FactSet Research Systems Inc. by 1,089.8% in Q1, now holding 6,056 shares worth approximately $2.75 million.
• FactSet's stock is currently valued at $380.00 with a market cap of $14.37 billion, showing a decline of 0.7% recently.
• The company reported Q2 earnings of $4.27 EPS, slightly below the consensus estimate, along with guidance anticipating FY 2025 EPS between 16.800-17.400.

Jump Financial LLC raised its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1,089.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,056 shares of the business services provider's stock after buying an additional 5,547 shares during the period. Jump Financial LLC's holdings in FactSet Research Systems were worth $2,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kolinsky Wealth Management LLC increased 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 buying an additional 23 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after purchasing an additional 23 shares in the last quarter. Geller Advisors LLC increased its stake in shares of FactSet Research Systems by 5.6% during the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after purchasing an additional 25 shares in the last quarter. Birch Capital Management LLC increased its stake in shares of FactSet Research Systems by 0.3% during the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock worth $3,915,000 after purchasing an additional 25 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of FactSet Research Systems by 3.1% during the first quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Down 0.7%

Shares of FDS stock traded down $2.60 during trading hours on Friday, hitting $373.17. The company had a trading volume of 334,679 shares, compared to its average volume of 435,969. The company's fifty day moving average is $411.56 and its 200 day moving average is $430.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. FactSet Research Systems Inc. has a fifty-two week low of $365.76 and a fifty-two week high of $499.87. The stock has a market capitalization of $14.11 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.45 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. During the same quarter in the prior year, the company posted $4.37 earnings per share. The business'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. Research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Analyst Upgrades and Downgrades

FDS has been the subject of a number of research reports. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. BMO Capital Markets boosted 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 note on Friday, June 20th. Finally, Morgan Stanley boosted 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 note on Friday, June 20th. Six research 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.

Insiders Place Their Bets

In other FactSet Research Systems news, 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 value of $1,320,315.75. Following the sale, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. This represents a 98.27% 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 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.