Summit Investment Advisors Inc. Purchases 205 Shares of FactSet Research Systems Inc. $FDS

Summit Investment Advisors Inc. lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 4.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,358 shares of the business services provider’s stock after purchasing an additional 205 shares during the quarter. Summit Investment Advisors Inc.’s holdings in FactSet Research Systems were worth $1,981,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FDS. Vanguard Group Inc. grew its stake in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after acquiring an additional 137,874 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in FactSet Research Systems by 4.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider’s stock valued at $240,070,000 after purchasing an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. grew its position in FactSet Research Systems by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider’s stock valued at $229,940,000 after purchasing an additional 4,693 shares in the last quarter. Invesco Ltd. lifted its position in FactSet Research Systems by 7.6% during the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock worth $223,091,000 after buying an additional 34,549 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of FactSet Research Systems by 1.9% during the 1st quarter. Northern Trust Corp now owns 405,616 shares of the business services provider’s stock worth $184,409,000 after buying an additional 7,436 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. UBS Group upgraded FactSet Research Systems from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $480.00 to $425.00 in a report on Monday, September 22nd. Stifel Nicolaus dropped their price objective 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. Wells Fargo & Company decreased their target price on shares of 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. Barclays lowered their target price on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Finally, Morgan Stanley cut their price target on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating for the company in a research note on Friday, September 19th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $356.78.

FactSet Research Systems Price Performance

Shares of FDS opened at $262.60 on Monday. The company’s 50-day moving average is $302.74 and its 200-day moving average is $382.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $9.83 billion, a PE ratio of 16.89, a PEG ratio of 2.73 and a beta of 0.77. FactSet Research Systems Inc. has a fifty-two week low of $250.50 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) 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 the consensus estimate of $4.13 by ($0.08). The company had revenue of $596.90 million for 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%.The company’s revenue was up 6.2% on a year-over-year basis. 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. Equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. FactSet Research Systems’s payout ratio is presently 28.30%.

Insider Activity

In other FactSet Research Systems news, insider Christopher Mcloughlin purchased 338 shares of the 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 completion of the transaction, the insider owned 3,446 shares in the company, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Helen L. Shan acquired 370 shares of the business’s stock in a transaction on Monday, October 6th. The stock was acquired at an average cost of $275.48 per share, with a total value of $101,927.60. Following the acquisition, the executive vice president directly 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

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.