Mattern Capital Management LLC Purchases 233 Shares of FactSet Research Systems Inc. $FDS

Mattern Capital Management LLC grew its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,875 shares of the business services provider’s stock after purchasing an additional 233 shares during the quarter. Mattern Capital Management LLC’s holdings in FactSet Research Systems were worth $8,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp grew its stake in shares of FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider’s stock worth $668,000 after acquiring an additional 23 shares during the last quarter. Birch Capital Management LLC boosted its stake in FactSet Research Systems by 0.3% during the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider’s stock worth $3,915,000 after buying an additional 25 shares in the last quarter. Alps Advisors Inc. boosted its stake in FactSet Research Systems by 3.1% during the first quarter. Alps Advisors Inc. now owns 822 shares of the business services provider’s stock worth $374,000 after buying an additional 25 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in FactSet Research Systems by 0.8% during the first quarter. Integrated Investment Consultants LLC now owns 3,056 shares of the business services provider’s stock worth $1,389,000 after buying an additional 25 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in FactSet Research Systems by 4.8% during the first quarter. Horizon Investments LLC now owns 544 shares of the business services provider’s stock worth $247,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $281.98 on Friday. The stock has a 50-day simple moving average of $358.98 and a 200 day simple moving average of $410.73. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 12-month low of $280.20 and a 12-month high of $499.87. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.12 and a beta of 0.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly 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 business had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the firm earned $3.74 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Analyst Ratings Changes

FDS has been the topic of a number of recent research reports. Barclays decreased their price target on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Morgan Stanley decreased their price target on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Huber Research upgraded shares of FactSet Research Systems to a “strong sell” rating in a research note on Friday, September 19th. Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Finally, Rothschild Redb upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research note on Friday, September 12th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus price target of $359.10.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company’s stock, valued at approximately $2,013,650.79. The trade was a 39.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were purchased at an average cost of $296.19 per share, with a total value of $100,112.22. Following the completion of the acquisition, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. The trade was a 10.88% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by company insiders.

About FactSet Research Systems

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.