Cerro Pacific Wealth Advisors LLC Has $726,000 Position in FactSet Research Systems Inc. $FDS

Cerro Pacific Wealth Advisors LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,623 shares of the business services provider’s stock after selling 130 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in FactSet Research Systems were worth $726,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its position in FactSet Research Systems by 0.5% during the second quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock worth $9,980,000 after buying an additional 114 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in FactSet Research Systems by 4.9% during the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock worth $368,000 after buying an additional 38 shares in the last quarter. QRG Capital Management Inc. grew its position in FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock worth $609,000 after buying an additional 60 shares in the last quarter. PineStone Asset Management Inc. grew its position in FactSet Research Systems by 8.8% during the second quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock worth $170,172,000 after buying an additional 30,881 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in FactSet Research Systems by 14.1% during the second quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock worth $6,569,000 after buying an additional 1,810 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FactSet Research Systems

In other news, insider Christopher Mcloughlin purchased 338 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average cost of $296.19 per share, with a total value of $100,112.22. Following the acquisition, the insider directly owned 3,446 shares of the company’s stock, valued at approximately $1,020,670.74. This trade represents a 10.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 4,461 shares of the company’s stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their target price on FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Rothschild Redb upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. Wells Fargo & Company decreased their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. Finally, Evercore ISI decreased their target price on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating on the stock in a research report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $356.78.

FactSet Research Systems Trading Down 0.0%

Shares of FDS stock opened at $282.99 on Friday. FactSet Research Systems Inc. has a 12-month low of $272.50 and a 12-month high of $499.87. The company has a market capitalization of $10.70 billion, a P/E ratio of 18.20, a P/E/G ratio of 2.09 and a beta of 0.79. The firm has a 50-day moving average price of $343.56 and a 200 day moving average price of $404.04. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The firm had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the business earned $3.74 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Research analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

FactSet Research Systems 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.