Erste Asset Management GmbH Cuts Stake in FactSet Research Systems Inc. $FDS

Erste Asset Management GmbH reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 6.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,873 shares of the business services provider’s stock after selling 849 shares during the period. Erste Asset Management GmbH’s holdings in FactSet Research Systems were worth $5,813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FDS. Marshall Wace LLP grew its holdings in FactSet Research Systems by 225.1% in the fourth quarter. Marshall Wace LLP now owns 7,969 shares of the business services provider’s stock worth $3,827,000 after purchasing an additional 5,518 shares during the last quarter. Forum Financial Management LP purchased a new position in FactSet Research Systems in the fourth quarter worth $249,000. First Trust Advisors LP grew its holdings in FactSet Research Systems by 397.3% in the fourth quarter. First Trust Advisors LP now owns 8,917 shares of the business services provider’s stock worth $4,283,000 after purchasing an additional 7,124 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in FactSet Research Systems by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 263,495 shares of the business services provider’s stock worth $126,557,000 after purchasing an additional 10,326 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in FactSet Research Systems by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 10,651 shares of the business services provider’s stock worth $5,115,000 after purchasing an additional 145 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction 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 owned 23,952 shares of the company’s stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FDS. Evercore ISI cut their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday, June 16th. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a “market perform” rating in a research report on Friday, June 20th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research report on Friday, June 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus target price of $444.25.

FactSet Research Systems Stock Up 3.5%

FDS opened at $387.1370 on Thursday. FactSet Research Systems Inc. has a fifty-two week low of $365.76 and a fifty-two week high of $499.87. 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 company has a fifty day moving average of $417.80 and a two-hundred day moving average of $434.99. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.44 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million during the quarter, compared to analysts’ expectations of $580.70 million. During the same period in the previous year, the firm posted $4.37 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued 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 yield of 1.1%. FactSet Research Systems’s payout ratio is presently 31.79%.

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.