Nuveen LLC Invests $54.15 Million in FactSet Research Systems Inc. $FDS

Key Points

• Nuveen LLC acquired a new stake in FactSet Research Systems Inc., purchasing 119,100 shares valued at approximately $54.15 million during the first quarter, bringing its ownership to 0.31% of the company.
• FactSet reported a quarterly EPS of $4.27, missing estimates by $0.03, while its revenue of $585.52 million exceeded expectations.
• The company announced a quarterly dividend of $1.10 per share, payable on September 18th, reflecting a 1.2% yield with a payout ratio of 31.79%.

Nuveen LLC purchased a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,100 shares of the business services provider's stock, valued at approximately $54,148,000. Nuveen LLC owned approximately 0.31% of FactSet Research Systems at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in FactSet Research Systems by 4.9% during the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock valued at $368,000 after purchasing an additional 38 shares in the last quarter. QRG Capital Management Inc. boosted its position in FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after purchasing an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its position in FactSet Research Systems by 284.3% during the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock valued at $535,000 after purchasing an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in FactSet Research Systems during the first quarter valued at about $2,528,000. Finally, Golden State Wealth Management LLC boosted its position in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $444.25.

Insider Activity at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction that occurred on 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 owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by corporate insiders.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $2.1350 during trading on Tuesday, hitting $373.2850. The stock had a trading volume of 79,069 shares, compared to its average volume of 329,238. FactSet Research Systems Inc. has a 12-month low of $365.76 and a 12-month high of $499.87. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.41 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. The stock has a 50-day simple moving average of $419.56 and a two-hundred day simple moving average of $435.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 business earned $4.37 earnings per share. The company's revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is currently 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.