Belpointe Asset Management LLC Reduces Stock Position in FactSet Research Systems Inc. $FDS

Belpointe Asset Management LLC cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788 shares of the business services provider’s stock after selling 35 shares during the quarter. Belpointe Asset Management LLC’s holdings in FactSet Research Systems were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in FDS. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $39,000 after purchasing an additional 84 shares during the last quarter. WPG Advisers LLC bought a new stake in FactSet Research Systems in the 1st quarter worth $41,000. American National Bank & Trust bought a new stake in FactSet Research Systems in the 1st quarter worth $44,000. Finally, Bank of Jackson Hole Trust grew 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 acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insiders Place Their Bets

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction dated 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 completion of the transaction, the director directly owned 4,461 shares of the company’s stock, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction that occurred 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 sale, the executive vice president owned 23,952 shares of the company’s stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of recent analyst reports. Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday. Evercore ISI cut their price target on shares of FactSet Research Systems from $448.00 to $394.00 and set an “in-line” rating on the stock in a report on Wednesday, September 10th. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a report on Friday, June 20th. Raymond James Financial raised shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a report on Thursday, June 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $424.44.

FactSet Research Systems Trading Down 2.2%

Shares of NYSE FDS opened at $362.41 on Monday. FactSet Research Systems Inc. has a 1 year low of $360.82 and a 1 year high of $499.87. The stock has a market cap of $13.70 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The firm has a 50-day moving average of $396.77 and a 200 day moving average of $424.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business 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 expect that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.2%. FactSet Research Systems’s payout ratio is 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.