Forum Financial Management LP Buys 42 Shares of FactSet Research Systems Inc. $FDS

Forum Financial Management LP raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 657 shares of the business services provider’s stock after purchasing an additional 42 shares during the period. Forum Financial Management LP’s holdings in FactSet Research Systems were worth $294,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FDS. Vanguard Group Inc. grew its holdings 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 valued at $2,180,160,000 after purchasing an additional 137,874 shares during the period. Nuveen LLC bought a new stake in FactSet Research Systems during the first quarter valued at about $54,148,000. Millennium Management LLC boosted its stake in shares of FactSet Research Systems by 58.6% in the first quarter. Millennium Management LLC now owns 110,409 shares of the business services provider’s stock worth $50,196,000 after acquiring an additional 40,800 shares during the period. Woodline Partners LP boosted its stake in shares of FactSet Research Systems by 1,560.4% in the first quarter. Woodline Partners LP now owns 37,891 shares of the business services provider’s stock worth $17,227,000 after acquiring an additional 35,609 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of FactSet Research Systems by 7.6% in the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock worth $223,091,000 after acquiring an additional 34,549 shares during the period. Institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Helen L. Shan acquired 370 shares of the stock in a transaction dated Monday, October 6th. The stock was purchased at an average price of $275.48 per share, with a total value of $101,927.60. Following the transaction, the executive vice president directly owned 9,284 shares of the company’s stock, valued at $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Mcloughlin acquired 338 shares of the stock in a transaction dated 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 transaction, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. This 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 currently owned by company insiders.

FactSet Research Systems Trading Down 0.6%

Shares of NYSE FDS opened at $285.26 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50 day moving average price is $324.63 and its 200-day moving average price is $393.74. FactSet Research Systems Inc. has a fifty-two week low of $272.50 and a fifty-two week high of $499.87. The company has a market cap 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 (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. During the same quarter in the previous year, the company posted $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, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group raised FactSet Research Systems from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $480.00 to $425.00 in a research note on Monday, September 22nd. Wells Fargo & Company dropped their price objective on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a research note on Friday, September 19th. Zacks Research lowered FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. Evercore ISI decreased their target price on FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating on the stock in a research report on Friday, September 19th. Finally, Rothschild Redb upgraded FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, FactSet Research Systems presently has an average rating of “Reduce” and a consensus price target of $356.78.

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.