Royal Bank of Canada Decreases Holdings in FactSet Research Systems Inc. $FDS

Key Points

• The Royal Bank of Canada decreased its holdings in FactSet Research Systems Inc. by 0.9%, selling 1,046 shares and owning approximately 111,976 shares valued at $50.91 million at the end of the last quarter.
• FactSet also recently announced a quarterly dividend of $1.10 per share, with an annualized dividend yield of 1.2%, payable on September 18th.
• Insider sales have occurred, including EVP Christopher R. Ellis, who sold 7,606 shares at an average price of $446.84, reducing his position by 24.1%.

Royal Bank of Canada reduced its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,976 shares of the business services provider's stock after selling 1,046 shares during the period. Royal Bank of Canada owned 0.30% of FactSet Research Systems worth $50,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FDS. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after acquiring an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. WPG Advisers LLC purchased a new stake in FactSet Research Systems in the first quarter worth $41,000. Finally, American National Bank & Trust bought a new position in FactSet Research Systems in the first quarter worth $44,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 2.2%

Shares of NYSE FDS traded up $8.13 during midday trading on Thursday, hitting $369.89. The stock had a trading volume of 454,331 shares, compared to its average volume of 405,804. The business's 50 day moving average is $398.48 and its 200-day moving average is $425.23. The company has a market cap of $13.99 billion, a P/E ratio of 26.73, a PEG ratio of 2.26 and a beta of 0.84. FactSet Research Systems Inc. has a 52 week low of $360.82 and a 52 week high of $499.87. The company has a quick ratio of 1.47, a current 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 the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same period last year, the business earned $4.37 EPS. FactSet Research Systems's 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. As a group, analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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 $1.10 dividend. 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 payout ratio is currently 31.79%.

Insider Activity

In other news, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction 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 transaction, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems 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 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 disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDS. UBS Group restated a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. BMO Capital Markets lifted 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. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Evercore ISI lowered their target price on shares of FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating for the company in a report on Wednesday. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Reduce" and an average target price of $431.25.

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.