Ethic Inc. Grows Stake in FactSet Research Systems Inc. $FDS

Ethic Inc. grew its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,605 shares of the business services provider’s stock after acquiring an additional 64 shares during the period. Ethic Inc.’s holdings in FactSet Research Systems were worth $1,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truist Financial Corp lifted its holdings in FactSet Research Systems by 0.5% in the 2nd quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock worth $9,980,000 after buying an additional 114 shares during the period. Vest Financial LLC lifted its stake in shares of FactSet Research Systems by 8.8% in 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 period. Crossmark Global Holdings Inc. lifted its stake in shares of FactSet Research Systems by 4.9% in 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 period. PineStone Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 8.8% in 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 period. Finally, State of Alaska Department of Revenue lifted its stake in shares of FactSet Research Systems by 14.1% in 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 period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FDS shares. Huber Research upgraded FactSet Research Systems to a “strong sell” rating in a research note on Friday, September 19th. BMO Capital Markets lowered their target price on FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a research note on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of FactSet Research Systems in a research note on Saturday. Zacks Research cut FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Finally, Barclays lowered their target price on 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. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $356.78.

Insiders Place Their Bets

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

FactSet Research Systems Stock Down 0.6%

Shares of NYSE:FDS opened at $285.26 on Monday. The stock has a fifty day simple moving average of $324.63 and a two-hundred day simple moving average of $393.74. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.92 and a beta of 0.79. 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 1.40 and a debt-to-equity ratio of 0.63.

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). The company 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

About FactSet Research Systems

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.