VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 4,100 shares of the business services provider’s stock, valued at approximately $1,107,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bamco Inc. NY bought a new position in FactSet Research Systems in the second quarter worth about $966,533,000. BlackRock Inc. bought a new stake in FactSet Research Systems during the 2nd quarter valued at approximately $657,658,000. Bank of America Corp DE grew its holdings in shares of FactSet Research Systems by 33.6% during the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after acquiring an additional 212,022 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of FactSet Research Systems by 123.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock worth $82,006,000 after acquiring an additional 208,824 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $68,587,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, September 11th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Stifel Nicolaus upped their price target on FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research note on Thursday, October 1st. Barclays increased their price objective on FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a report on Tuesday, September 8th. Finally, Weiss Ratings raised FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Reduce” and an average price target of $271.79.
View Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Trading Up 2.8%
NYSE:FDS opened at $342.04 on Thursday. The firm has a market capitalization of $12.06 billion, a P/E ratio of 23.49, a PEG ratio of 1.87 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $345.66. The company’s 50-day simple moving average is $294.87 and its 200 day simple moving average is $251.72.
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The business had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. During the same quarter last year, the firm earned $4.05 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, analysts forecast that FactSet Research Systems Inc. will post 19.63 EPS for the current fiscal year.
FactSet Research Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were paid a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.4%. FactSet Research Systems’s dividend payout ratio is presently 31.87%.
FactSet Research Systems Profile
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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