Korea Investment CORP Has $7.97 Million Stake in FactSet Research Systems Inc. $FDS

Key Points

• Korea Investment CORP increased its stake in FactSet Research Systems Inc. by 23.2%, owning 17,526 shares valued at approximately $7.97 million after the purchase of an additional 3,300 shares in Q1.
• FactSet recently reported earnings of $4.27 per share, slightly missing analysts' expectations, but its quarterly revenue increased by 5.9% year-over-year.
• The company declared a quarterly dividend of $1.10 per share, which reflects an annualized dividend of $4.40 and a yield of 1.2%.

Korea Investment CORP grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 23.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,526 shares of the business services provider's stock after purchasing an additional 3,300 shares during the quarter. Korea Investment CORP's holdings in FactSet Research Systems were worth $7,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cary Street Partners Financial LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at about $29,000. SouthState Corp grew its position in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 acquiring an additional 84 shares during the last quarter. Bank of Jackson Hole Trust raised its position in shares of 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 acquiring an additional 62 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at approximately $44,000. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on FDS shares. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Morgan Stanley raised their price objective 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. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The shares were 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 approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 0.5%

Shares of NYSE:FDS traded down $1.86 during mid-day trading on Thursday, reaching $378.36. 57,080 shares of the stock were exchanged, compared to its average volume of 336,122. The stock's 50 day simple moving average is $413.53 and its 200-day simple moving average is $431.96. FactSet Research Systems Inc. has a one year low of $365.76 and a one year high of $499.87. The company has a market cap of $14.31 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its 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). The firm had revenue of $585.52 million during 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%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

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.