5,513 Shares in FactSet Research Systems Inc. $FDS Purchased by Legacy Financial Strategies LLC

Key Points

• Legacy Financial Strategies LLC has acquired a new stake of approximately $2.47 million in FactSet Research Systems Inc., purchasing 5,513 shares during the second quarter.
• Insider selling at FactSet included EVP Christopher R. Ellis selling 7,606 shares for over $3.39 million, marking a 24.10% decrease in his ownership.
• FactSet reported earnings of $4.05 per share for the last quarter, which missed the consensus estimate of $4.13, despite a 6.2% year-over-year revenue increase.

Legacy Financial Strategies LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,513 shares of the business services provider's stock, valued at approximately $2,466,000.

A number of other institutional investors also recently modified their holdings of the stock. Marshall Financial Group LLC raised its stake in shares of FactSet Research Systems by 2.5% in the second quarter. Marshall Financial Group LLC now owns 2,780 shares of the business services provider's stock worth $1,245,000 after acquiring an additional 69 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of FactSet Research Systems by 1.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,000 shares of the business services provider's stock worth $6,262,000 after buying an additional 200 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of FactSet Research Systems during the second quarter worth approximately $331,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of FactSet Research Systems by 2.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,939 shares of the business services provider's stock worth $2,209,000 after buying an additional 131 shares during the last quarter. Finally, Baron Wealth Management LLC raised its stake in shares of FactSet Research Systems by 23.7% during the second quarter. Baron Wealth Management LLC now owns 643 shares of the business services provider's stock worth $288,000 after buying an additional 123 shares during the last quarter. 91.24% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, 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 have sold 13,031 shares of company stock valued at $5,825,481 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FDS shares. 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. Evercore ISI lowered their target price on shares of FactSet Research Systems from $394.00 to $328.00 and set an "in-line" rating for the company in a research note on Friday. Rothschild & Co Redburn raised shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and lowered their target price for the company from $415.00 to $370.00 in a research note on Friday, September 12th. Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $359.10.

FactSet Research Systems Stock Down 1.1%

Shares of FDS stock traded down $3.26 during trading on Tuesday, reaching $292.37. The company's stock had a trading volume of 243,312 shares, compared to its average volume of 375,339. The business has a fifty day moving average price of $381.47 and a 200-day moving average price of $418.67. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. The company has a market cap of $11.05 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. FactSet Research Systems Inc. has a one year low of $288.06 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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). The firm had revenue of $596.90 million during the quarter, compared to analyst estimates of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems's dividend payout ratio is presently 28.30%.

FactSet Research Systems 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.