Everett Harris & Co. CA Sells 2,379 Shares of FactSet Research Systems Inc. $FDS

Everett Harris & Co. CA reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,982 shares of the business services provider’s stock after selling 2,379 shares during the quarter. FactSet Research Systems makes up about 0.8% of Everett Harris & Co. CA’s holdings, making the stock its 25th largest position. Everett Harris & Co. CA owned about 0.39% of FactSet Research Systems worth $65,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FDS. Forsta AP Fonden increased its holdings in FactSet Research Systems by 3.1% in the 2nd quarter. Forsta AP Fonden now owns 13,300 shares of the business services provider’s stock worth $5,949,000 after acquiring an additional 400 shares during the last quarter. National Pension Service boosted its position in FactSet Research Systems by 340.1% during the second quarter. National Pension Service now owns 603 shares of the business services provider’s stock worth $270,000 after purchasing an additional 466 shares during the period. Illinois Municipal Retirement Fund boosted its position in FactSet Research Systems by 211.4% during the second quarter. Illinois Municipal Retirement Fund now owns 17,304 shares of the business services provider’s stock worth $7,740,000 after purchasing an additional 11,747 shares during the period. ProShare Advisors LLC increased its stake in shares of FactSet Research Systems by 3.0% in the second quarter. ProShare Advisors LLC now owns 383,543 shares of the business services provider’s stock worth $171,551,000 after purchasing an additional 11,235 shares in the last quarter. Finally, PFG Advisors raised its position in shares of FactSet Research Systems by 4,209.8% in the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after purchasing an additional 187,545 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Helen L. Shan bought 370 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of $275.48 per share, with a total value of $101,927.60. Following the completion of 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. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher Mcloughlin bought 338 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were bought at an average price 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 of the company’s stock, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 1,208 shares of company stock worth $328,505. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the subject of several analyst reports. Weiss Ratings downgraded shares of FactSet Research Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Rothschild Redb raised FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, September 12th. Barclays reduced their price target on 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. Finally, Stifel Nicolaus decreased 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. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $356.78.

FactSet Research Systems Stock Up 2.4%

FDS opened at $271.52 on Wednesday. The firm has a market capitalization of $10.16 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.73 and a beta of 0.77. FactSet Research Systems Inc. has a one year low of $250.50 and a one year high of $499.87. The company has a fifty day moving average price of $298.64 and a 200-day moving average price of $380.21. 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 (NYSE:FDS) last posted 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). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the business posted $3.74 EPS. FactSet Research Systems’s quarterly revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business 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. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 28th. FactSet Research Systems’s dividend payout ratio is 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.