Nicholas Hoffman & Company LLC. bought a new position in FactSet Research Systems Inc. (NYSE:FDS – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,148 shares of the business services provider’s stock, valued at approximately $683,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $26,000. WPG Advisers LLC boosted its stake in FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Field & Main Bank acquired a new stake in FactSet Research Systems in the fourth quarter worth $29,000. BOKF NA increased its stake in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Finally, Navalign LLC bought a new stake in FactSet Research Systems in the fourth quarter valued at $32,000. 91.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FDS has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. BMO Capital Markets increased their price target on FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a report on Thursday, July 2nd. Barclays raised their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a report on Thursday, June 18th. Finally, Bank of America upped their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus target price of $253.00.
FactSet Research Systems Stock Down 4.0%
FDS opened at $248.05 on Thursday. The business’s fifty day simple moving average is $232.96 and its 200 day simple moving average is $236.71. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $453.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market cap of $8.82 billion, a PE ratio of 16.34, a P/E/G ratio of 1.73 and a beta of 0.72.
FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, topping the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million for the quarter, compared to the consensus estimate 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 revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.75 earnings per share for the current fiscal year.
FactSet Research Systems Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.9%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.57%.
FactSet Research Systems 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.
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