Russell Investments Group Ltd. Acquires 11,197 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Russell Investments Group Ltd. significantly increased its holdings in FactSet Research Systems by 35.8% in Q1, bringing its total to 42,469 shares, valued at approximately $19.29 million.
• Multiple hedge funds, including SouthState Corp and Golden State Wealth Management LLC, have also recently adjusted their stakes in FactSet, indicating strong institutional interest, with 91.24% of the stock owned by such investors.
• FactSet announced a quarterly dividend of $1.10 per share, reflecting an annualized yield of 1.2%, with the payout ratio at 31.79%.

Russell Investments Group Ltd. boosted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 42,469 shares of the business services provider's stock after acquiring an additional 11,197 shares during the period. Russell Investments Group Ltd. owned 0.11% of FactSet Research Systems worth $19,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDS. GAMMA Investing LLC grew its holdings in FactSet Research Systems by 40,436.2% during the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider's stock valued at $195,536,000 after buying an additional 429,028 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in FactSet Research Systems during the 4th quarter valued at about $66,368,000. Vanguard Group Inc. grew its holdings in FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares in the last quarter. Nuveen LLC purchased a new position in FactSet Research Systems during the 1st quarter valued at about $54,148,000. Finally, Vest Financial LLC purchased a new position in FactSet Research Systems during the 1st quarter valued at about $52,445,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Down 2.7%

FDS stock traded down $10.4360 during midday trading on Thursday, hitting $377.2040. The company had a trading volume of 240,010 shares, compared to its average volume of 333,978. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems Inc. has a 52 week low of $365.76 and a 52 week high of $499.87. The stock's 50 day moving average price is $417.80 and its 200 day moving average price is $434.99. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 2.44 and a beta of 0.83.

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 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 company had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the firm posted $4.37 EPS. The business'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. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 annualized dividend and a yield of 1.2%. FactSet Research Systems's payout ratio is presently 31.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FDS. Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley boosted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. BMO Capital Markets boosted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Six equities 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 presently has an average rating of "Reduce" and a consensus target price of $444.25.

Insider Buying and Selling at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the company's 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 owned 4,461 shares in the company, valued at $2,013,650.79. This 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 is available through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company'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 transaction, the chief accounting officer owned 44 shares of the company's stock, valued at approximately $19,474.40. This represents 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 currently owned by insiders.

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.