Willis Investment Counsel raised its holdings in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 9.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 55,816 shares of the business services provider’s stock after buying an additional 4,795 shares during the quarter. Willis Investment Counsel’s holdings in FactSet Research Systems were worth $15,068,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of FDS. Bamco Inc. NY bought a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $966,533,000. BlackRock Inc. bought a new stake in FactSet Research Systems during the 2nd quarter valued at about $657,658,000. Bank of America Corp DE lifted its position in 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 valued at $182,861,000 after acquiring an additional 212,022 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings 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 worth $82,006,000 after buying an additional 208,824 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of FactSet Research Systems in the second quarter worth approximately $68,587,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on FDS shares. Deutsche Bank Aktiengesellschaft increased their target price on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a report on Friday, September 11th. Barclays upped their price objective on FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FactSet Research Systems in a report on Friday, October 9th. Wolfe Research raised their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a report on Wednesday, July 1st. Finally, Stifel Nicolaus lifted their price target on FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $271.79.
Read Our Latest Analysis on FDS
FactSet Research Systems Trading Up 2.5%
Shares of FDS traded up $7.46 during trading hours on Tuesday, reaching $310.67. 341,124 shares of the company traded hands, compared to its average volume of 926,923. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 1.69 and a beta of 0.77. The stock’s fifty day moving average price is $286.49 and its 200 day moving average price is $255.99. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $320.48.
FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.17. The firm 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 revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Sell-side analysts forecast that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.
FactSet Research Systems Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were issued a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is currently 31.87%.
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.
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