Kestra Private Wealth Services LLC Makes New $743,000 Investment in FactSet Research Systems Inc. $FDS

Kestra Private Wealth Services LLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,751 shares of the business services provider’s stock, valued at approximately $743,000.

A number of other hedge funds also recently added to or reduced their stakes in FDS. Bamco Inc. NY acquired a new position in shares of FactSet Research Systems during the second quarter valued at $966,533,000. BlackRock Inc. acquired a new stake in shares of FactSet Research Systems in the 2nd quarter worth about $657,658,000. Bank of America Corp DE increased its holdings in shares of FactSet Research Systems by 33.6% in 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. Boston Trust Walden Corp lifted its position in FactSet Research Systems by 27.1% in the 3rd quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock valued at $83,213,000 after purchasing an additional 65,803 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in FactSet Research Systems by 123.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock valued at $82,006,000 after purchasing an additional 208,824 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded down $12.39 during midday trading on Friday, reaching $328.08. 597,647 shares of the company traded hands, compared to its average volume of 693,315. 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 $296.23 and a 200 day moving average price of $252.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.93 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.17. The business had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Sell-side 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 was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were paid 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 was Monday, August 31st. FactSet Research Systems’s dividend payout ratio is currently 31.87%.

Analyst Ratings Changes

FDS has been the subject of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley raised their price target on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, September 11th. Finally, William Blair upgraded FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Reduce” and a consensus price target of $278.57.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.