Vest Financial LLC lessened its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,841 shares of the business services provider’s stock after selling 2,217 shares during the quarter. Vest Financial LLC owned about 0.56% of FactSet Research Systems worth $53,947,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of FDS. Bamco Inc. NY bought a new position in FactSet Research Systems in the 2nd quarter valued at $966,533,000. BlackRock Inc. acquired a new stake in shares of FactSet Research Systems in the 2nd quarter valued at $657,658,000. Bank of America Corp DE bought a new stake in shares of FactSet Research Systems during the second quarter worth $176,141,000. Bank of New York Mellon Corp bought a new stake in shares of FactSet Research Systems during the second quarter worth $68,587,000. Finally, Equity Investment Corp bought a new stake in shares of FactSet Research Systems during the second quarter worth $65,626,000. 91.24% of the stock is owned by institutional investors.
FactSet Research Systems Stock Up 2.5%
Shares of NYSE:FDS opened at $320.02 on Thursday. The company has a 50 day moving average price of $287.92 and a two-hundred day moving average price of $257.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60. The company has a market capitalization of $11.38 billion, a PE ratio of 21.98, a PEG ratio of 1.75 and a beta of 0.77. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $320.70.
FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. The business had revenue of $634.70 million during the quarter, compared to analysts’ expectations of $629.83 million. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Analysts forecast that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.
FactSet Research Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were paid a $1.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.4%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.87%.
Analyst Ratings Changes
FDS has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a report on Thursday, October 1st. Barclays raised their target price on shares of FactSet Research Systems from $216.00 to $250.00 and gave the company an “underweight” rating in a research note on Tuesday, September 8th. Bank of America raised their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research note on Thursday, July 2nd. Jefferies Financial Group boosted their price target on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $271.79.
View Our Latest Analysis on FactSet Research Systems
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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