GQG Partners LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,296 shares of the business services provider’s stock, valued at approximately $4,900,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in FactSet Research Systems during the 2nd quarter worth $681,000. Evolve Private Wealth LLC acquired a new stake in shares of FactSet Research Systems in the second quarter valued at about $763,000. Westpac Banking Corp purchased a new position in shares of FactSet Research Systems in the second quarter worth about $329,000. EP Wealth Advisors LLC purchased a new stake in FactSet Research Systems during the 2nd quarter valued at about $323,000. Finally, Ieq Capital LLC purchased a new stake in FactSet Research Systems during the 2nd quarter valued at about $17,115,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Jefferies Financial Group upped their price target on FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Bank of America increased their price target on FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group lowered FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $253.00.
FactSet Research Systems Stock Performance
Shares of FactSet Research Systems stock opened at $299.26 on Friday. The firm has a market cap of $10.64 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $386.52. The business’s fifty day simple moving average is $257.01 and its 200-day simple moving average is $233.44.
FactSet Research Systems (NYSE:FDS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Equities analysts forecast that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.
FactSet Research Systems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 30.57%.
FactSet Research Systems Company Profile
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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