Northern Trust Corp Has $184.41 Million Stake in FactSet Research Systems Inc. $FDS

Key Points

• Northern Trust Corp increased its stake in FactSet Research Systems by 1.9%, purchasing an additional 7,436 shares and bringing its total ownership to 405,616 shares, valued at $184.4 million.
• FactSet recently reported earnings of $4.27 per share, missing analysts' expectations by $0.03, but showed a 5.9% increase in revenue year-over-year, reaching $585.52 million for the quarter.
• The company announced a quarterly dividend of $1.10 per share, with the ex-dividend date set for August 29th, reflecting an annualized dividend yield of 1.2%.

Northern Trust Corp grew its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 405,616 shares of the business services provider's stock after purchasing an additional 7,436 shares during the period. Northern Trust Corp owned approximately 1.07% of FactSet Research Systems worth $184,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group boosted its holdings in FactSet Research Systems by 40.0% during the first quarter. Brooklyn Investment Group now owns 112 shares of the business services provider's stock worth $51,000 after buying an additional 32 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in FactSet Research Systems by 2.4% during the first quarter. Raymond James Financial Inc. now owns 147,316 shares of the business services provider's stock worth $66,976,000 after buying an additional 3,384 shares in the last quarter. Gen Wealth Partners Inc boosted its holdings in FactSet Research Systems by 78.0% during the first quarter. Gen Wealth Partners Inc now owns 3,032 shares of the business services provider's stock worth $1,379,000 after buying an additional 1,329 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in FactSet Research Systems by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 269,534 shares of the business services provider's stock worth $122,526,000 after buying an additional 6,039 shares in the last quarter. Finally, Horizon Investments LLC boosted its holdings in FactSet Research Systems by 4.8% during the first quarter. Horizon Investments LLC now owns 544 shares of the business services provider's stock worth $247,000 after buying an additional 25 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the transaction, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock worth $5,825,481 in the last 90 days. 1.10% of the stock is owned by insiders.

FactSet Research Systems Stock Up 0.1%

FDS stock traded up $0.37 during midday trading on Wednesday, reaching $380.37. The company had a trading volume of 403,031 shares, compared to its average volume of 464,880. FactSet Research Systems Inc. has a 1 year low of $365.76 and a 1 year high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14.38 billion, a P/E ratio of 27.48, a PEG ratio of 2.48 and a beta of 0.83. The company has a 50 day moving average of $413.53 and a two-hundred day moving average of $431.96.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) 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 analysts' expectations of $580.70 million. During the same quarter in the previous year, the company earned $4.37 EPS. The firm's quarterly 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. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on FDS shares. Evercore ISI reduced their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Royal Bank Of Canada restated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Finally, BMO Capital Markets upped 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 research report on Friday, June 20th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has an average rating of "Reduce" and an average target price 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.