Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,489 shares of the business services provider’s stock, valued at approximately $7,151,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of FactSet Research Systems at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FDS. USA Financial Formulas bought a new stake in shares of FactSet Research Systems during the third quarter worth $38,000. Parkside Financial Bank & Trust lifted its stake in shares of FactSet Research Systems by 31.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 43 shares during the last quarter. State of Wyoming bought a new position in shares of FactSet Research Systems in the 1st quarter valued at $51,000. CX Institutional boosted its holdings in shares of FactSet Research Systems by 75.7% during the 2nd quarter. CX Institutional now owns 239 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 103 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $64,000. Institutional investors own 91.24% of the company’s stock.
FactSet Research Systems Stock Performance
Shares of FactSet Research Systems stock opened at $342.04 on Thursday. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.87 and a beta of 0.69. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $345.66. The company’s fifty day moving average is $294.87 and its 200 day moving average is $251.72. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.43.
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 (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.17. The business had revenue of $634.70 million during the quarter, compared to analyst estimates of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. During the same period last year, the company earned $4.05 EPS. FactSet Research Systems’s revenue for the quarter was up 6.3% compared to the same quarter last year. 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 EPS for the current year.
FactSet Research Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 yield of 1.4%. FactSet Research Systems’s dividend payout ratio is presently 31.87%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on FDS shares. Royal Bank Of Canada boosted their price objective on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 27th. BMO Capital Markets increased their target price on FactSet Research Systems from $300.00 to $314.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research note on Thursday, October 1st. Morgan Stanley boosted their price target on FactSet Research Systems from $230.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $271.79.
Read Our Latest Stock Report on FDS
FactSet Research Systems Company 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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