UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in FactSet Research Systems Inc. $FDS

Key Points

• UBS AM increased its stake in FactSet Research Systems by 1.2%, bringing its total holdings to 301,336 shares valued at approximately $137 million.
• FactSet Research Systems reported an earnings per share (EPS) of $4.27, falling short of analysts' estimates of $4.30, despite revenue exceeding expectations at $585.52 million.
• The company announced a quarterly dividend of $1.10 per share, representing an annualized dividend yield of 1.2%, to be paid on September 18th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,336 shares of the business services provider's stock after buying an additional 3,514 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.79% of FactSet Research Systems worth $136,999,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. increased its holdings in shares of FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after buying an additional 38 shares during the period. QRG Capital Management Inc. increased its holdings in shares of FactSet Research Systems by 4.7% in the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock worth $609,000 after buying an additional 60 shares during the period. Bessemer Group Inc. increased its holdings in shares of FactSet Research Systems by 284.3% in the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after buying an additional 870 shares during the period. Teacher Retirement System of Texas purchased a new position in FactSet Research Systems during the 1st quarter valued at about $2,528,000. Finally, Golden State Wealth Management LLC increased its holdings in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock valued at $45,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FDS. Rothschild & Co Redburn upgraded FactSet Research Systems from a "sell" rating to a "neutral" rating and reduced their price target for the company from $415.00 to $370.00 in a report on Friday. Rothschild Redb upgraded FactSet Research Systems from a "strong sell" rating to a "hold" rating in a report on Friday. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Evercore ISI reduced their price target on FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a report on Wednesday, September 10th. Finally, BMO Capital Markets boosted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $424.44.

FactSet Research Systems Stock Down 4.7%

Shares of FDS traded down $17.15 during mid-day trading on Monday, reaching $344.69. The company had a trading volume of 842,690 shares, compared to its average volume of 412,373. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a 50-day moving average price of $394.71 and a 200 day moving average price of $423.30. FactSet Research Systems Inc. has a 52 week low of $343.60 and a 52 week high of $499.87. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $585.52 million during the quarter, compared to the consensus estimate 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 revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.3%. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Activity 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 value of $1,320,315.75. Following the transaction, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were 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 directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by corporate 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.