Korea Investment CORP Raises Holdings in FactSet Research Systems Inc. $FDS

Korea Investment CORP grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 23.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,526 shares of the business services provider’s stock after purchasing an additional 3,300 shares during the quarter. Korea Investment CORP’s holdings in FactSet Research Systems were worth $7,968,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $29,000. SouthState Corp boosted its stake in shares of 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 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 first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after buying an additional 84 shares during the period. Bank of Jackson Hole Trust boosted its stake in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock worth $44,000 after buying an additional 62 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of FactSet Research Systems during the first quarter worth about $44,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.0%

Shares of FactSet Research Systems stock opened at $380.80 on Friday. FactSet Research Systems Inc. has a 12-month low of $365.76 and a 12-month 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 stock has a market cap of $14.40 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.46 and a beta of 0.83. The company has a 50-day moving average of $416.06 and a two-hundred day moving average of $433.75.

FactSet Research Systems (NYSE:FDS) last issued 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). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million during the quarter, compared to analysts’ expectations of $580.70 million. During the same period last year, the business posted $4.37 earnings per share. The company’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 anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared 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. 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 dividend payout ratio (DPR) is 31.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased 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 note on Friday, June 20th. Wells Fargo & Company increased their target price 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. BMO Capital Markets raised their price objective 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. Evercore ISI reduced their price objective on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a research report on Monday, June 16th. Finally, UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $444.25.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This trade 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 quarter. 1.10% of the stock is owned by insiders.

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.