Nomura Holdings Inc. Grows Position in FactSet Research Systems Inc. $FDS

Key Points

• Nomura Holdings Inc. increased its stake in FactSet Research Systems by 183.8% during the first quarter, owning 3,562 shares valued at approximately $1.62 million.
• FactSet Research Systems reported EPS of $4.27, missing estimates by $0.03, but its revenue of $585.52 million surpassed expectations.
• The company announced a quarterly dividend of $1.10 per share, representing a 1.2% annual yield, payable on September 18th.

Nomura Holdings Inc. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 183.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,562 shares of the business services provider's stock after acquiring an additional 2,307 shares during the period. Nomura Holdings Inc.'s holdings in FactSet Research Systems were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. increased its position in shares of FactSet Research Systems by 3.8% during the 1st quarter. Baird Financial Group Inc. now owns 28,931 shares of the business services provider's stock valued at $13,153,000 after purchasing an additional 1,066 shares during the last quarter. Azora Capital LP bought a new position in shares of FactSet Research Systems during the 1st quarter valued at about $15,233,000. Vident Advisory LLC increased its position in shares of FactSet Research Systems by 86.2% during the 1st quarter. Vident Advisory LLC now owns 2,376 shares of the business services provider's stock valued at $1,080,000 after purchasing an additional 1,100 shares during the last quarter. WPG Advisers LLC bought a new position in FactSet Research Systems during the 1st quarter worth approximately $41,000. Finally, Landscape Capital Management L.L.C. bought a new position in FactSet Research Systems during the 1st quarter worth approximately $936,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FDS. BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley raised their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Finally, Wells Fargo & Company raised their price target on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $444.25.

FactSet Research Systems Trading Down 1.2%

NYSE FDS opened at $368.75 on Wednesday. FactSet Research Systems Inc. has a fifty-two week low of $362.41 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50 day simple moving average of $408.93 and a two-hundred day simple moving average of $429.45. The stock has a market cap of $13.94 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84.

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 analysts' consensus estimates of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.37 EPS. 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 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction on 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 owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems 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 of the company's stock, valued at $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

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.

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