Robertson Stephens Wealth Management LLC Cuts Stock Holdings in FactSet Research Systems Inc. $FDS

Robertson Stephens Wealth Management LLC decreased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 454 shares of the business services provider’s stock after selling 64 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in FactSet Research Systems were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp grew its holdings in shares of FactSet Research Systems by 0.5% during the second quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock valued at $9,980,000 after buying an additional 114 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in FactSet Research Systems by 4.9% during the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 38 shares during the period. QRG Capital Management Inc. lifted its position in FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 60 shares during the period. PineStone Asset Management Inc. lifted its position in FactSet Research Systems by 8.8% during the second quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock valued at $170,172,000 after purchasing an additional 30,881 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in FactSet Research Systems by 14.1% during the second quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock valued at $6,569,000 after purchasing an additional 1,810 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $282.99 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $343.56 and a two-hundred day simple moving average of $403.72. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.09 and a beta of 0.79. FactSet Research Systems Inc. has a 52 week low of $272.50 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). The company had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, analysts expect that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given 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%.

Insider Activity

In other FactSet Research Systems news, EVP Helen L. Shan bought 370 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the completion of the transaction, the executive vice president owned 9,284 shares of the company’s stock, valued at $2,557,556.32. This trade represents a 4.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher Mcloughlin bought 338 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were acquired at an average price of $296.19 per share, with a total value of $100,112.22. Following the transaction, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This represents a 10.88% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Stifel Nicolaus cut their price target on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a research note on Friday, September 19th. Rothschild Redb upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research note on Friday, September 12th. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FactSet Research Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $356.78.

FactSet Research Systems Profile

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.