10,624 Shares in FactSet Research Systems Inc. $FDS Acquired by Paralel Advisors LLC

Paralel Advisors LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,624 shares of the business services provider’s stock, valued at approximately $2,444,000.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after purchasing an additional 13,854,613 shares during the last quarter. Bamco Inc. NY grew its holdings in FactSet Research Systems by 58.8% in the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock valued at $838,314,000 after buying an additional 1,069,786 shares during the period. BlackRock Inc. acquired a new position in shares of FactSet Research Systems during the 2nd quarter valued at about $657,658,000. State Street Corp increased its stake in shares of FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock valued at $561,873,000 after acquiring an additional 23,660 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of FactSet Research Systems by 33.6% during the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after acquiring an additional 212,022 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FDS. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Barclays upped their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Finally, Rothschild & Co Redburn lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and an average price target of $253.00.

FactSet Research Systems Stock Up 0.1%

FDS opened at $298.45 on Friday. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $387.20. The firm has a 50 day moving average price of $255.86 and a 200 day moving average price of $232.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $10.62 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.70.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $0.09. The company had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be given a $1.16 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.57%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.