FactSet Research Systems Inc.

New York Stock Exchange
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Slightly Bullish +15

Canoe Financial LP Sells 4,840 Shares of FactSet Research Systems Inc ...

AI-generated analysis

📉 Canoe Financial LP reduced its FactSet stake by 19.6% in Q1, holding 19,915 shares valued at $4.32 million.

📈 WPG Advisers LLC increased holdings by 76.9% to 92 shares, while BOKF NA boosted its position by over 5,000%.

⚖️ Institutional ownership remains high at 91.24%, reflecting continued hedge fund and asset manager interest.

📊 FactSet beat Q1 earnings estimates with $4.46 EPS versus a consensus of $4.37 per share.

💰 Revenue grew 7.1% year-over-year to $611.02 million, driven by strong demand for financial analytics.

📉 Analyst sentiment is mixed with an average 'Reduce' rating and a price target of $267.69 below current levels.

🏦 Goldman Sachs downgraded the stock from 'sell' to 'underweight', while Wells Fargo raised its target to $200.

💵 The company increased its quarterly dividend to $1.16, resulting in a 2.0% annualized dividend yield.

📈 Net margins remain robust at 24.48%, and return on equity stands at 30.25%.

📉 Stock trades below its 200-day moving average of $239.15 but above the 50-day average of $230.82.

Bullish Signals
  • FactSet Research Systems beat Q1 earnings estimates with EPS of $4.46 compared to the consensus of $4.37.
  • Revenue increased by 7.1% year-over-year to reach $611.02 million, demonstrating consistent business growth.
  • The company maintained strong profitability with a net margin of 24.48% and a return on equity of 30.25%.
  • FactSet increased its quarterly dividend to $1.16 per share, boosting the annualized yield to 2.0%.
  • Wells Fargo & Company raised its price target from $195.00 to $200.00 and maintained an 'underweight' rating.
  • UBS Group maintains a 'buy' rating for the company despite lowering its price target to $380.00.
Risk Factors
  • Weiss Ratings restated its rating on FactSet Research Systems to a 'sell (d+)' in recent research.
  • Royal Bank of Canada lowered its price target from $243.00 to $240.00 and set a 'sector perform' rating.
  • Goldman Sachs Group downgraded the stock from a 'sell' rating to an 'underweight' rating recently.
  • The average analyst price target of $267.69 is below the current trading range, indicating cautious sentiment.
  • Seven analysts have assigned a 'Sell' rating compared to only one 'Strong Buy' and one 'Buy' rating.
Full Analysis
FactSet Research Systems Inc. (NYSE:FDS) saw mixed institutional activity in the first quarter, led by Canoe Financial LP reducing its stake by 19.6% to own approximately 0.05% of the company worth $4.32 million. Conversely, several other investors including WPG Advisers LLC and BOKF NA increased their positions, though some holdings remain small in absolute terms. Overall, institutional ownership stands at 91.24%, indicating continued significant interest from hedge funds and asset managers. Analyst sentiment remains divided with a net 'Reduce' average rating and an average price target of $267.69, which sits below the current trading range. Recent actions include Weiss Ratings restating a 'sell (d+)' rating, Royal Bank of Canada lowering its target to $240, and Goldman Sachs downgrading from 'sell' to 'underweight'. However, Wells Fargo raised its price target to $200 while UBS maintained a 'buy' rating despite cutting its target to $380. The consensus reflects a cautious outlook with seven sell ratings outweighing one strong buy. Financially, FactSet reported solid performance in the quarter ended March 31st, beating earnings estimates of $4.37 per share with actual results of $4.46. Revenue reached $611.02 million, a 7.1% year-over-year increase, supported by strong net margins of 24.48% and a return on equity of 30.25%. The company also increased its quarterly dividend to $1.16 per share, raising the annualized yield to 2.0%, signaling confidence in cash flow generation. The stock currently trades with a market cap of $8.45 billion and a P/E ratio of 14.92, trading slightly below its 200-day moving average of $239.15 but above its 50-day average. With a beta of 0.71, the stock exhibits lower volatility than the broader market. The company continues to operate as a global provider of integrated financial data and analytics, serving portfolio managers and analysts with real-time market data and proprietary tools.