S Bank Fund Management Ltd Acquires Shares of 864 FactSet Research Systems Inc. (NYSE:FDS)

Key Points

• S Bank Fund Management Ltd has acquired a new position in FactSet Research Systems Inc., investing approximately $393,000 for 864 shares during the first quarter.
• Several institutional investors, including Russell Investments Group and Independent Advisor Alliance, have substantially increased their stakes in FactSet, with Russell's stake growing by 35.8%.
• FactSet recently reported earnings per share (EPS) of $4.27 for the last quarter, which was below analyst estimates, although revenue of $585.52 million exceeded expectations.

S Bank Fund Management Ltd acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 864 shares of the business services provider's stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp increased its holdings in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter worth about $29,000. American National Bank & Trust acquired a new position in FactSet Research Systems in the 1st quarter worth about $44,000. Bank of Jackson Hole Trust increased its holdings in FactSet Research Systems by 187.9% in the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after purchasing an additional 62 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Trading Down 1.3%

NYSE FDS traded down $4.91 during trading hours on Friday, hitting $370.05. 491,794 shares of the company's stock were exchanged, compared to its average volume of 390,636. The stock has a 50-day simple moving average of $420.68 and a 200 day simple moving average of $436.71. FactSet Research Systems Inc. has a 1-year low of $367.36 and a 1-year high of $499.87. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.41 and a beta of 0.83. 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 (NYSE:FDS - Get Free Report) last released its earnings results on Monday, June 23rd. The business services provider reported $4.27 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 business had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period in the prior year, the business earned $4.37 EPS. The company's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

Insider Buying and Selling

In related news, Director James J. Mcgonigle sold 2,925 shares of the firm'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 sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last 90 days. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FDS. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley increased their price target on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research note on Friday, June 20th. Evercore ISI decreased their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $444.25.

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.