Perbak Capital Partners LLP Acquires New Shares in FactSet Research Systems Inc. $FDS

Key Points

• Perbak Capital Partners LLP acquired 828 shares of FactSet Research Systems, valuing the purchase at approximately $376,000 during the 1st quarter.
• Insiders have been selling shares, with EVP Christopher R. Ellis selling 7,606 shares for over $3.39 million, reflecting a significant decrease in ownership.
• FactSet Research Systems announced a quarterly dividend of $1.10 per share, with a scheduled payment date of September 18th, representing an annualized yield of 1.2%.

Perbak Capital Partners LLP acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 828 shares of the business services provider's stock, valued at approximately $376,000.

Other large investors also recently made changes to their positions in the company. SouthState Corp boosted its holdings in shares of FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after buying an additional 84 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at approximately $41,000. Finally, American National Bank & Trust bought a new position in FactSet Research Systems during the first quarter worth $44,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

FDS stock traded up $1.46 during trading hours on Friday, hitting $370.94. 313,571 shares of the stock were exchanged, compared to its average volume of 410,430. 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 firm has a market capitalization of $14.03 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.32 and a beta of 0.84. The company has a 50-day simple moving average of $404.74 and a two-hundred day simple moving average of $427.29. FactSet Research Systems Inc. has a 12 month low of $362.41 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The firm's quarterly revenue was up 5.9% on a year-over-year basis. 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 fiscal year.

FactSet Research Systems Announces Dividend

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 $1.10 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is presently 31.79%.

Insider Buying and Selling

In related news, EVP Christopher R. Ellis sold 7,606 shares of the firm's 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction on 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 transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of several research reports. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a 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 report on Thursday, June 26th. Evercore ISI decreased their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a report on Monday, June 16th. Wells Fargo & Company decreased their price objective on shares of FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating on the stock in a report on Friday. Finally, Morgan Stanley upped their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a 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 company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Reduce" and a consensus target price of $438.00.

FactSet Research Systems Company 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.