Texas Yale Capital Corp. trimmed its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 15.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,052 shares of the business services provider’s stock after selling 380 shares during the quarter. Texas Yale Capital Corp.’s holdings in FactSet Research Systems were worth $918,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. SouthState Corp grew its stake in FactSet Research Systems by 1,400.0% during 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after buying an additional 84 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of FactSet Research Systems by 4,300.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the period. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $41,000. Finally, Bank of Jackson Hole Trust increased its stake in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.
Insiders Place Their Bets
In other FactSet Research Systems news, EVP Helen L. Shan acquired 370 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Mcloughlin bought 338 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were acquired at an average cost of $296.19 per share, with a total value of $100,112.22. Following the purchase, the insider directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.
FactSet Research Systems Stock Up 3.5%
FactSet Research Systems (NYSE:FDS – Get Free Report) last issued 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 the consensus estimate 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 quarter last year, the business earned $3.74 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.
FactSet Research Systems Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%. FactSet Research Systems’s payout ratio is 28.30%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on FDS shares. Rothschild & Co Redburn raised FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their target price for the company from $415.00 to $370.00 in a report on Friday, September 12th. Evercore ISI reduced their price objective on FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating on the stock in a research note on Friday, September 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FactSet Research Systems in a research report on Wednesday, October 8th. 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. Finally, UBS Group upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and reduced their price target for the company from $480.00 to $425.00 in a research note on Monday, September 22nd. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $356.78.
Get Our Latest Research Report on FactSet Research Systems
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.
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