KLP Kapitalforvaltning AS Has $5.77 Million Stock Holdings in FactSet Research Systems Inc. $FDS

KLP Kapitalforvaltning AS increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,900 shares of the business services provider’s stock after buying an additional 300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in FactSet Research Systems were worth $5,770,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC grew its position in FactSet Research Systems by 34.1% during the second quarter. Belpointe Asset Management LLC now owns 1,057 shares of the business services provider’s stock worth $473,000 after buying an additional 269 shares in the last quarter. Marks Group Wealth Management Inc grew its position in FactSet Research Systems by 1.7% during the second quarter. Marks Group Wealth Management Inc now owns 33,418 shares of the business services provider’s stock worth $14,947,000 after buying an additional 568 shares in the last quarter. Running Oak Capital LLC grew its position in FactSet Research Systems by 7.0% during the second quarter. Running Oak Capital LLC now owns 36,263 shares of the business services provider’s stock worth $16,220,000 after buying an additional 2,365 shares in the last quarter. QRG Capital Management Inc. grew its position in FactSet Research Systems by 15.5% during the second quarter. QRG Capital Management Inc. now owns 1,547 shares of the business services provider’s stock worth $692,000 after buying an additional 208 shares in the last quarter. Finally, Mattern Capital Management LLC grew its position in FactSet Research Systems by 1.2% during the second quarter. Mattern Capital Management LLC now owns 19,875 shares of the business services provider’s stock worth $8,890,000 after buying an additional 233 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $282.99 on Friday. FactSet Research Systems Inc. has a 1 year low of $272.50 and a 1 year high of $499.87. The firm has a 50 day moving average of $343.56 and a 200-day moving average of $404.29. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $10.70 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 2.09 and a beta of 0.79.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The firm had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. During the same quarter last year, the firm posted $3.74 EPS. The business’s revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were paid a $1.10 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems’s payout ratio is 28.30%.

Insider Activity

In other news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the transaction, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was bought at an average price of $296.19 per share, with a total value of $100,112.22. Following the transaction, the insider directly owned 3,446 shares in the company, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FDS has been the topic of a number of recent research reports. Barclays decreased their target price on FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, September 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Stifel Nicolaus decreased their price objective on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating on the stock in a report on Friday, September 19th. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a report on Thursday, June 26th. Finally, UBS Group raised FactSet Research Systems from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $480.00 to $425.00 in a report on Monday, September 22nd. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $356.78.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.