FactSet Research Systems Inc. $FDS Shares Acquired by Sciencast Management LP

Key Points

• Sciencast Management LP increased its stake in FactSet Research Systems by 41.4%, acquiring 2,267 shares to own a total of 7,737 shares, valued at approximately $3.5 million.
• FactSet reported earnings per share (EPS) of $4.27, slightly below the consensus estimate of $4.30, with revenue of $585.52 million for the quarter, surpassing expectations.
• The company declared a quarterly dividend of $1.10 per share, reflecting a 1.2% dividend yield and a payout ratio of 31.79%.

Sciencast Management LP increased its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 41.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,737 shares of the business services provider's stock after acquiring an additional 2,267 shares during the period. Sciencast Management LP's holdings in FactSet Research Systems were worth $3,518,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the fourth quarter valued at $29,000. Captrust Financial Advisors increased its position in shares of FactSet Research Systems by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 4,901 shares of the business services provider's stock valued at $2,354,000 after buying an additional 40 shares in the last quarter. Cetera Investment Advisers increased its position in shares of FactSet Research Systems by 6.9% in the fourth quarter. Cetera Investment Advisers now owns 5,596 shares of the business services provider's stock valued at $2,688,000 after buying an additional 362 shares in the last quarter. Deutsche Bank AG increased its position in shares of FactSet Research Systems by 17.9% in the fourth quarter. Deutsche Bank AG now owns 177,379 shares of the business services provider's stock valued at $85,192,000 after buying an additional 26,897 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of FactSet Research Systems by 88.7% during the fourth quarter. Focus Partners Wealth now owns 3,318 shares of the business services provider's stock valued at $1,619,000 after acquiring an additional 1,560 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on FDS. Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $415.00 to $370.00 in a research note on Friday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI decreased their price objective on FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a research note on Wednesday. Morgan Stanley increased their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Seven equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $424.44.

FactSet Research Systems Stock Down 2.2%

Shares of NYSE:FDS traded down $8.10 during mid-day trading on Friday, hitting $362.41. 444,385 shares of the company traded hands, compared to its average volume of 340,149. The firm has a market cap of $13.70 billion, a P/E ratio of 26.19, a PEG ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems Inc. has a 52-week low of $360.82 and a 52-week high of $499.87. The firm's 50 day simple moving average is $398.48 and its 200 day simple moving average is $425.23.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced 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). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Insiders Place Their Bets

In other FactSet Research Systems 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 sale, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock worth $5,825,481 in the last three months. 1.10% of the stock is 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.