Axxcess Wealth Management LLC Trims Stock Position in FactSet Research Systems Inc. $FDS

Axxcess Wealth Management LLC lowered its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of FactSet Research Systems by 0.5% during the 2nd quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock valued at $9,980,000 after purchasing an additional 114 shares during the last quarter. Vest Financial LLC increased its position in shares of FactSet Research Systems by 8.8% during the 2nd quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock valued at $56,145,000 after purchasing an additional 10,172 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of FactSet Research Systems by 4.9% during the 1st 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 last quarter. PineStone Asset Management Inc. increased its position in shares of FactSet Research Systems by 8.8% during the 2nd 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 last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of FactSet Research Systems by 14.1% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 2.1%

Shares of FDS opened at $278.09 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.47. FactSet Research Systems Inc. has a 1 year low of $272.50 and a 1 year high of $499.87. The company has a 50 day simple moving average of $334.99 and a two-hundred day simple moving average of $399.73. The firm has a market cap of $10.51 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79.

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

FactSet Research Systems Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Zacks Research lowered shares of FactSet Research Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Stifel Nicolaus reduced their target price on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. Finally, Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $356.78.

Insider Buying and Selling

In other news, EVP Helen L. Shan bought 370 shares of the stock in a transaction dated Monday, October 6th. The stock was purchased at an average cost of $275.48 per share, for a total transaction of $101,927.60. Following the transaction, the executive vice president owned 9,284 shares of the company’s stock, valued at $2,557,556.32. The trade was a 4.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Mcloughlin bought 338 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were purchased at an average price of $296.19 per share, with a total value of $100,112.22. Following the completion of the transaction, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. The trade was 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.

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.