Axxcess Wealth Management LLC Sells 509 Shares of FactSet Research Systems Inc. $FDS

Axxcess Wealth Management LLC reduced its position in shares of FactSet Research Systems Inc. (NYSE:FDSFree Report) by 21.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,906 shares of the business services provider’s stock after selling 509 shares during the quarter. Axxcess Wealth Management LLC’s holdings in FactSet Research Systems were worth $852,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after buying an additional 137,874 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FactSet Research Systems by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider’s stock worth $240,070,000 after buying an additional 22,458 shares during the period. JPMorgan Chase & Co. boosted its stake in FactSet Research Systems by 0.9% during the first quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider’s stock worth $229,940,000 after buying an additional 4,693 shares during the period. Invesco Ltd. boosted its stake in FactSet Research Systems by 7.6% during the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock worth $223,091,000 after buying an additional 34,549 shares during the period. Finally, Northern Trust Corp boosted its stake in FactSet Research Systems by 1.9% during the first quarter. Northern Trust Corp now owns 405,616 shares of the business services provider’s stock worth $184,409,000 after buying an additional 7,436 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FactSet Research Systems

In related news, EVP Helen L. Shan bought 370 shares of the business’s stock in a transaction on Monday, October 6th. The shares were bought at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the completion of the purchase, the executive vice president directly owned 9,284 shares of the company’s stock, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Mcloughlin bought 338 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was bought at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the purchase, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Stock Down 2.1%

NYSE:FDS opened at $278.09 on Friday. FactSet Research Systems Inc. has a twelve month low of $272.50 and a twelve month high of $499.87. The company has a market cap of $10.51 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The stock has a fifty day simple moving average of $334.99 and a 200-day simple moving average of $399.73. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). The firm had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were paid a dividend of $1.10 per share. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Wall Street Analyst Weigh In

Several research analysts have commented on FDS shares. Zacks Research lowered shares of FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Barclays dropped their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, September 19th. UBS Group upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $480.00 to $425.00 in a research report on Monday, September 22nd. Wells Fargo & Company decreased their target price on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. Finally, Stifel Nicolaus decreased their target price on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $356.78.

Read Our Latest Report on FDS

About FactSet Research Systems

(Free Report)

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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Institutional Ownership by Quarter for FactSet Research Systems (NYSE:FDS)

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