Deutsche Bank AG acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 187,400 shares of the business services provider’s stock, valued at approximately $43,117,000.
Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC raised its holdings in shares of FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares during the last quarter. Field & Main Bank acquired a new position in FactSet Research Systems during the 4th quarter valued at about $29,000. BOKF NA increased its holdings in FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Navalign LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $32,000. Finally, Litman Gregory Wealth Management LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $32,000. 91.24% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on FDS. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Barclays lifted their price objective on shares of FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Wolfe Research boosted their price target on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $253.00.
FactSet Research Systems Trading Down 0.3%
Shares of FDS opened at $299.26 on Friday. 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 firm has a market cap of $10.64 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $386.52. The business has a 50-day moving average of $257.01 and a 200 day moving average of $233.44.
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. The company had revenue of $622.92 million for the quarter, compared to analysts’ expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. FactSet Research Systems’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.76 EPS for the current year.
FactSet Research Systems Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s payout ratio is presently 30.57%.
About FactSet Research Systems
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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