National Pension Service Has $62,000 Stock Holdings in FactSet Research Systems Inc. $FDS

Key Points

• The National Pension Service slashed its stake in FactSet Research Systems Inc. by 99.8%, selling 60,041 shares and now holding only 137 shares worth $62,000.
• FactSet reported earnings of $4.27 per share for the last quarter, missing the consensus estimate by $0.03, while its revenue reached $585.52 million, exceeding expectations by 5.9%.
• The company declared a quarterly dividend of $1.10 per share, set to be paid on September 18th, reflecting a 1.2% dividend yield and a payout ratio of 31.79%.

National Pension Service lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 99.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137 shares of the business services provider's stock after selling 60,041 shares during the period. National Pension Service's holdings in FactSet Research Systems were worth $62,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kolinsky Wealth Management LLC grew its holdings in shares of FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock worth $355,000 after acquiring an additional 23 shares during the last quarter. Fifth Third Bancorp grew its holdings 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 valued at $668,000 after buying an additional 23 shares in the last quarter. Geller Advisors LLC grew its holdings 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 valued at $225,000 after buying an additional 25 shares in the last quarter. Birch Capital Management LLC grew its holdings 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 valued at $3,915,000 after buying an additional 25 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings 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 valued at $374,000 after buying an additional 25 shares in the last quarter. 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 business'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 sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was 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 directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last quarter. Insiders own 1.10% of the company's stock.

FactSet Research Systems Stock Down 2.7%

NYSE FDS traded down $10.4360 on Thursday, reaching $377.2040. The stock had a trading volume of 240,010 shares, compared to its average volume of 333,978. FactSet Research Systems Inc. has a 1 year low of $365.76 and a 1 year high of $499.87. The business has a 50 day moving average price of $417.80 and a 200 day moving average price of $434.99. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.44 and a beta of 0.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm earned $4.37 EPS. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 dividend yield of 1.2%. FactSet Research Systems's payout ratio is currently 31.79%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FDS shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets lifted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Finally, Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $444.25.

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.