Voya Investment Management LLC Sells 450 Shares of FactSet Research Systems Inc. $FDS

Voya Investment Management LLC lowered its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,418 shares of the business services provider’s stock after selling 450 shares during the quarter. Voya Investment Management LLC owned 0.07% of FactSet Research Systems worth $12,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SouthState Corp grew its stake 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 worth $27,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in 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 last quarter. WPG Advisers LLC bought a new stake in FactSet Research Systems during the first quarter worth about $41,000. American National Bank & Trust bought a new stake in FactSet Research Systems during the first quarter worth about $44,000. Finally, Bank of Jackson Hole Trust grew its stake in 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 last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $345.29 on Wednesday. The firm has a 50-day moving average of $392.73 and a 200-day moving average of $422.76. 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 stock has a market cap of $13.06 billion, a PE ratio of 24.95, a P/E/G ratio of 2.15 and a beta of 0.84. FactSet Research Systems Inc. has a 52-week low of $341.79 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same period in the prior year, the business posted $4.37 earnings per share. FactSet Research Systems’s revenue 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. On average, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. FactSet Research Systems’s payout ratio is 31.79%.

Insider Activity at FactSet Research Systems

In other 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 transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems 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 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. In the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on FDS shares. UBS Group reaffirmed a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company lowered their price objective on shares of FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating for the company in a research report on Friday, September 5th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research report on Friday, June 20th. Rothschild & Co Redburn upgraded shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $415.00 to $370.00 in a research report on Friday, September 12th. Finally, Royal Bank Of Canada reiterated 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. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $424.44.

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.