Simplex Trading LLC Sells 1,501 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Simplex Trading LLC significantly reduced its stake in FactSet Research Systems, cutting ownership by 93.8% in Q1, leaving it with just 99 shares valued at $45,000.
• Insider trading activity saw CAO Gregory T. Moskoff and Director James J. Mcgonigle sell significant shares, with Moskoff reducing his stake by 98.27% and Mcgonigle by 39.60%.
• FactSet's latest quarterly earnings report showed a slight miss in EPS expectations, reporting $4.27 against the consensus estimate of $4.30, despite achieving revenues of $585.52 million.

Simplex Trading LLC reduced its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 93.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99 shares of the business services provider's stock after selling 1,501 shares during the quarter. Simplex Trading LLC's holdings in FactSet Research Systems were worth $45,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FDS. Marshall Wace LLP raised its position in FactSet Research Systems by 225.1% in the 4th quarter. Marshall Wace LLP now owns 7,969 shares of the business services provider's stock valued at $3,827,000 after buying an additional 5,518 shares during the last quarter. First Trust Advisors LP raised its position in FactSet Research Systems by 397.3% in the 4th quarter. First Trust Advisors LP now owns 8,917 shares of the business services provider's stock valued at $4,283,000 after buying an additional 7,124 shares during the last quarter. Dimensional Fund Advisors LP raised its position in FactSet Research Systems by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 263,495 shares of the business services provider's stock valued at $126,557,000 after buying an additional 10,326 shares during the last quarter. MML Investors Services LLC raised its position in FactSet Research Systems by 5.7% in the 4th quarter. MML Investors Services LLC now owns 2,302 shares of the business services provider's stock valued at $1,105,000 after buying an additional 125 shares during the last quarter. Finally, MGO One Seven LLC boosted its position in FactSet Research Systems by 10.4% in the fourth quarter. MGO One Seven LLC now owns 820 shares of the business services provider's stock worth $394,000 after purchasing an additional 77 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded down $2.60 during trading on Friday, hitting $373.17. 334,679 shares of the company were exchanged, compared to its average volume of 435,969. The company has a market cap of $14.11 billion, a PE ratio of 26.96, a P/E/G ratio of 2.45 and a beta of 0.83. The stock has a 50 day moving average of $411.56 and a 200 day moving average of $430.81. FactSet Research Systems Inc. has a 52-week low of $365.76 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (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 return on equity of 31.59% and a net margin of 23.30%.The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. 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 research report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Finally, Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of "Reduce" and an average price target of $444.25.

Insider Activity

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. The trade was a 98.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock worth $5,825,481 in the last three months. Corporate insiders own 1.10% of the company's stock.

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.