Equity Investment Corp Sells 53,245 Shares of FactSet Research Systems Inc. $FDS

Equity Investment Corp decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 231,988 shares of the business services provider’s stock after selling 53,245 shares during the quarter. Equity Investment Corp’s holdings in FactSet Research Systems were worth $62,625,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. D Orazio & Associates Inc. acquired a new position in FactSet Research Systems during the 3rd quarter worth about $213,000. New York Life Investment Management LLC grew its position in shares of FactSet Research Systems by 3.1% in the 3rd quarter. New York Life Investment Management LLC now owns 9,938 shares of the business services provider’s stock valued at $2,683,000 after buying an additional 295 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at about $208,000. AlphaCore Capital LLC increased its stake in shares of FactSet Research Systems by 11.9% in the third quarter. AlphaCore Capital LLC now owns 2,585 shares of the business services provider’s stock valued at $698,000 after buying an additional 275 shares during the period. Finally, Running Oak Capital LLC increased its stake in shares of FactSet Research Systems by 4.9% in the third quarter. Running Oak Capital LLC now owns 46,082 shares of the business services provider’s stock valued at $12,440,000 after buying an additional 2,153 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FDS. Morgan Stanley upped their target price on FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, September 10th. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a report on Thursday, October 1st. Wells Fargo & Company raised their price target on shares of FactSet Research Systems from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Thursday, November 5th. Barclays boosted their price target on shares of FactSet Research Systems from $250.00 to $305.00 and gave the stock an “underweight” rating in a research report on Friday, November 6th. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $278.57.

FactSet Research Systems Trading Down 0.1%

Shares of FactSet Research Systems stock opened at $326.38 on Wednesday. The stock has a market capitalization of $11.51 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $348.00. The stock has a 50 day moving average price of $296.81 and a two-hundred day moving average price of $252.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.60.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, topping the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The company had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. During the same period in the previous year, the firm posted $4.05 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 19.63 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, November 30th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 30th. FactSet Research Systems’s payout ratio is 31.87%.

FactSet Research Systems Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.