Wendell David Associates Inc. Has $10.95 Million Stock Position in FactSet Research Systems Inc. $FDS

Wendell David Associates Inc. reduced its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,477 shares of the business services provider’s stock after selling 1,290 shares during the quarter. FactSet Research Systems accounts for 1.1% of Wendell David Associates Inc.’s holdings, making the stock its 25th biggest holding. Wendell David Associates Inc.’s holdings in FactSet Research Systems were worth $10,948,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Truist Financial Corp boosted its stake in FactSet Research Systems by 0.5% in 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 in the last quarter. Vest Financial LLC boosted its stake in FactSet Research Systems by 8.8% in the second quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock valued at $56,145,000 after buying an additional 10,172 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in FactSet Research Systems by 4.9% in the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after buying an additional 38 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in FactSet Research Systems by 8.8% in 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 buying an additional 30,881 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in FactSet Research Systems by 14.1% in 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 buying an additional 1,810 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDS has been the topic of several research analyst reports. Rothschild & Co Redburn raised FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $415.00 to $370.00 in a research note on Friday, September 12th. Stifel Nicolaus cut their price target on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. Rothschild Redb raised FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research note on Friday, September 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of FactSet Research Systems in a research note on Wednesday, October 8th. Finally, BMO Capital Markets cut their price target on FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $356.78.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $286.81 on Friday. FactSet Research Systems Inc. has a 12 month low of $272.50 and a 12 month high of $499.87. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.79. The business’s 50-day moving average price is $333.08 and its 200-day moving average price is $398.20.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data 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 analyst estimates of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.FactSet Research Systems’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.74 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems’s payout ratio is currently 28.30%.

Insider Buying and Selling

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

FactSet Research Systems Company 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.