Envestnet Portfolio Solutions Inc. Acquires 162 Shares of FactSet Research Systems Inc. $FDS

Envestnet Portfolio Solutions Inc. grew its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 7.1% in the second quarter, Holdings Channel.com reports. The firm owned 2,432 shares of the business services provider’s stock after buying an additional 162 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in FactSet Research Systems were worth $1,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp boosted its position 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 purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after purchasing an additional 84 shares during the period. WPG Advisers LLC bought a new position in FactSet Research Systems during the first quarter worth about $41,000. Bank of Jackson Hole Trust boosted its position in 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 period. Finally, Golden State Wealth Management LLC boosted its position in FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock worth $45,000 after purchasing an additional 88 shares during the period. Institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FDS. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. BMO Capital Markets cut their price objective on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Evercore ISI cut their price objective on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a research report on Friday, September 19th. Wells Fargo & Company cut their price objective on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. Finally, Barclays cut their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Reduce” and an average price target of $356.78.

Insider Activity at FactSet Research Systems

In related news, EVP Helen L. Shan bought 370 shares of the company’s stock in a transaction on Monday, October 6th. The stock was acquired at an average cost of $275.48 per share, for a total transaction of $101,927.60. Following the completion of the transaction, the executive vice president directly owned 9,284 shares in the company, valued at $2,557,556.32. This trade represents a 4.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Mcloughlin purchased 338 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were acquired at an average cost of $296.19 per share, for a total transaction of $100,112.22. Following the completion of the purchase, the insider directly owned 3,446 shares of the company’s stock, 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. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 3.2%

Shares of FactSet Research Systems stock opened at $286.81 on Friday. FactSet Research Systems Inc. has a 1 year low of $272.50 and a 1 year high of $499.87. The firm has a market cap of $10.84 billion, a PE ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.47. The company has a 50 day simple moving average of $333.08 and a two-hundred day simple moving average of $398.20.

FactSet Research Systems (NYSE:FDS) last announced its earnings results 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). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same quarter in the previous year, the firm earned $3.74 earnings per share. The company’s revenue for the quarter 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. Analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.5%. FactSet Research Systems’s payout ratio 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.