Sciencast Management LP Buys 2,267 Shares of FactSet Research Systems Inc. $FDS

Sciencast Management LP grew its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 41.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,737 shares of the business services provider’s stock after acquiring an additional 2,267 shares during the period. Sciencast Management LP’s holdings in FactSet Research Systems were worth $3,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp grew its position in shares of FactSet Research Systems by 5.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 91 shares during the period. UniSuper Management Pty Ltd grew its position in shares of FactSet Research Systems by 8.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,157 shares of the business services provider’s stock valued at $2,345,000 after acquiring an additional 401 shares during the period. Petrus Trust Company LTA bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $296,000. Nissay Asset Management Corp Japan ADV lifted its stake in shares of FactSet Research Systems by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 5,039 shares of the business services provider’s stock valued at $2,291,000 after buying an additional 55 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of FactSet Research Systems by 58.6% during the 1st quarter. Millennium Management LLC now owns 110,409 shares of the business services provider’s stock valued at $50,196,000 after buying an additional 40,800 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $370.94 on Monday. FactSet Research Systems Inc. has a 1 year low of $362.41 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $14.03 billion, a PE ratio of 26.80, a P/E/G ratio of 2.32 and a beta of 0.84. The company’s 50 day simple moving average is $404.74 and its two-hundred day simple moving average is $427.29.

FactSet Research Systems (NYSE:FDS) last posted its earnings results 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The firm had revenue of $585.52 million during the quarter, compared to analysts’ expectations of $580.70 million. During the same quarter in the prior year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 1.2%. FactSet Research Systems’s dividend payout ratio is presently 31.79%.

Insider Transactions at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the 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 of the company’s stock, valued at $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a filing 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 on Tuesday, July 8th. The stock was 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 $10,702,711.68. The trade was a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock valued at $5,825,481 in the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FDS. Morgan Stanley upped their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research note on Friday, June 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Wells Fargo & Company dropped their price target on shares of FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Evercore ISI dropped 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 research note on Monday, June 16th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $438.00.

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.