Private Trust Co. NA Cuts Stake in FactSet Research Systems Inc. $FDS

Private Trust Co. NA reduced its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 32.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195 shares of the business services provider’s stock after selling 95 shares during the period. Private Trust Co. NA’s holdings in FactSet Research Systems were worth $87,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after buying an additional 84 shares during the period. WPG Advisers LLC bought a new position in shares of FactSet Research Systems during the first quarter valued at about $41,000. Bank of Jackson Hole Trust increased its holdings in shares of FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock worth $44,000 after buying an additional 62 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after buying an additional 64 shares during the period. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

FDS opened at $289.54 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. The stock has a market capitalization of $10.86 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 3.01 and a beta of 0.79. The stock’s 50 day moving average price is $328.09 and its 200-day moving average price is $395.60. FactSet Research Systems Inc. has a 52-week low of $272.50 and a 52-week high of $499.87.

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 for the quarter, missing the consensus estimate of $4.13 by ($0.08). The company had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a dividend of $1.10 per share. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is currently 28.30%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and dropped their target price for the company from $480.00 to $425.00 in a report on Monday, September 22nd. Evercore ISI dropped their price objective on FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a research note on Friday, September 19th. Huber Research upgraded shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Barclays lowered their price target on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Finally, Morgan Stanley dropped their price target on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of “Reduce” and an average target price of $356.78.

Insider Transactions at FactSet Research Systems

In other news, insider Christopher Mcloughlin bought 338 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, with a total value of $100,112.22. Following the transaction, the insider owned 3,446 shares of the company’s stock, valued at approximately $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Helen L. Shan bought 370 shares of the stock in a transaction dated Monday, October 6th. The stock was purchased at an average price of $275.48 per share, with a total value of $101,927.60. Following the purchase, the executive vice president owned 9,284 shares in the company, valued at $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate 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.