Van Lanschot Kempen Investment Management N.V. Buys 1,623 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Van Lanschot Kempen Investment Management N.V. raised its position in FactSet Research Systems by 13.5%, holding a total of 13,636 shares worth approximately $6.2 million.
• FactSet reported earnings of $4.27 per share for the quarter, missing the expected $4.30, but showing a 5.9% revenue increase year-over-year.
• The company announced a quarterly dividend of $1.10 to be paid on September 18th, with a 1.2% dividend yield and a payout ratio of 31.79%.

Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,636 shares of the business services provider's stock after purchasing an additional 1,623 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in FactSet Research Systems were worth $6,199,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FDS. SouthState Corp raised its stake in FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new position in FactSet Research Systems during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its stake in FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after acquiring an additional 84 shares during the last quarter. American National Bank & Trust bought a new position in FactSet Research Systems during the 1st quarter valued at $44,000. Finally, Bank of Jackson Hole Trust boosted its holdings in shares of 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 valued at $44,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

Insider Activity

In other news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction 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 approximately $10,702,711.68. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,031 shares of company stock valued at $5,825,481 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. Evercore ISI lowered their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, Morgan Stanley lifted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $444.25.

FactSet Research Systems Stock Up 1.0%

NYSE FDS traded up $3.84 during trading on Friday, reaching $380.80. The company's stock had a trading volume of 380,118 shares, compared to its average volume of 443,092. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $14.40 billion, a PE ratio of 27.51, a PEG ratio of 2.46 and a beta of 0.83. The business has a 50-day moving average price of $416.06 and a 200-day moving average price of $433.75. FactSet Research Systems Inc. has a 1-year low of $365.76 and a 1-year high of $499.87.

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 analysts' consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal 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 $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.79%.

FactSet Research Systems 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.