FactSet Research Systems Inc. $FDS Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 260,848 shares of the business services provider’s stock after selling 7,755 shares during the period. Bank of New York Mellon Corp’s holdings in FactSet Research Systems were worth $116,672,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FDS. SouthState Corp increased its stake in shares of FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after acquiring an additional 84 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $41,000. Finally, Bank of Jackson Hole Trust lifted its position in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock worth $44,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 3.5%

NYSE:FDS opened at $262.60 on Friday. The firm has a market capitalization of $9.83 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.73 and a beta of 0.77. The business has a 50 day simple moving average of $302.74 and a 200 day simple moving average of $383.03. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. FactSet Research Systems Inc. has a 12-month low of $250.50 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its 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). 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 quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.74 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be given a $1.10 dividend. The ex-dividend date is Friday, November 28th. This represents a $4.40 annualized dividend and a yield of 1.7%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 28.30%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Huber Research raised FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Zacks Research downgraded FactSet Research Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd. Wells Fargo & Company reduced their price objective on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Rothschild Redb raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of FactSet Research Systems in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $356.78.

Insider Transactions at FactSet Research Systems

In other news, insider Christopher Mcloughlin bought 338 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the transaction, the insider owned 3,446 shares in the company, valued at approximately $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Helen L. Shan purchased 370 shares of the company’s stock in a transaction 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 purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

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.