FactSet Research Systems Inc. $FDS Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP significantly boosted its stake in FactSet Research Systems by 1,560.4% to approximately $17.23 million during the first quarter, acquiring a total of 37,891 shares.
• FactSet recently reported earnings of $4.27 per share, which was below analyst expectations, but revenue grew by 5.9% compared to the previous year, totaling $585.52 million.
• The company declared a quarterly dividend of $1.10 per share, with a yield of 1.2%, highlighting a 31.79% dividend payout ratio.

Woodline Partners LP grew its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 1,560.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,891 shares of the business services provider's stock after purchasing an additional 35,609 shares during the period. Woodline Partners LP owned about 0.10% of FactSet Research Systems worth $17,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. SouthState Corp grew its position 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 valued at $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 worth $39,000 after acquiring an additional 84 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter valued at about $41,000. American National Bank & Trust purchased a new position in shares of FactSet Research Systems in the 1st quarter valued at about $44,000. Finally, Bank of Jackson Hole Trust raised 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 during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

FDS stock traded down $8.10 during midday trading on Friday, reaching $362.41. The stock had a trading volume of 444,387 shares, compared to its average volume of 414,742. FactSet Research Systems Inc. has a 52-week low of $360.82 and a 52-week high of $499.87. 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 company's fifty day simple moving average is $396.77 and its 200 day simple moving average is $424.34. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Monday, June 23rd. The business services provider reported $4.27 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share 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. Shareholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FDS. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and dropped their price target for the company from $415.00 to $370.00 in a research note on Friday. Rothschild Redb upgraded shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research report on Friday. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Eight research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Reduce" and an average target price of $424.44.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the company's 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 completion of the sale, the chief accounting officer directly owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the 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 sale, the executive vice president directly owned 23,952 shares of the company's stock, 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 worth $5,825,481 in the last ninety days. Insiders own 1.10% of the company's stock.

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.