First Financial Bank Trust Division Sells 40 Shares of FactSet Research Systems Inc. $FDS

First Financial Bank Trust Division decreased its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 953 shares of the business services provider’s stock after selling 40 shares during the period. First Financial Bank Trust Division’s holdings in FactSet Research Systems were worth $426,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Corp boosted 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 worth $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted 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 worth $39,000 after buying an additional 84 shares during the period. WPG Advisers LLC bought a new stake in shares of FactSet Research Systems during the 1st quarter worth about $41,000. Bank of Jackson Hole Trust boosted its holdings in shares of FactSet Research Systems by 187.9% during the 1st 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 bought a new stake in shares of FactSet Research Systems during the 1st quarter worth about $44,000. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 23,952 shares of the company’s stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the company’s stock in a transaction that occurred on 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 approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $362.41 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.70 billion, a P/E ratio of 26.19, a P/E/G ratio of 2.31 and a beta of 0.84. FactSet Research Systems Inc. has a 12-month low of $360.82 and a 12-month high of $499.87. The firm has a 50-day moving average price of $396.77 and a two-hundred day moving average price of $424.54.

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 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 firm had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same period last year, the company posted $4.37 EPS. The business’s 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. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems’s dividend payout ratio is 31.79%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating for the company in a report on Friday, September 5th. Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday. 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. Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and cut their price objective for the company from $415.00 to $370.00 in a report on Friday. Finally, Evercore ISI cut their price objective on shares of FactSet Research Systems from $448.00 to $394.00 and set an “in-line” rating for the company in a report on Wednesday. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus target price 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.