FactSet Research Systems Inc. $FDS Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDS) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,523 shares of the business services provider’s stock after selling 5,247 shares during the quarter. Ninety One North America Inc. owned 0.22% of FactSet Research Systems worth $21,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FDS. Fort Washington Investment Advisors Inc. OH bought a new stake in FactSet Research Systems in the 3rd quarter worth approximately $209,000. Mather Group LLC. grew its position in FactSet Research Systems by 3.0% during the third quarter. Mather Group LLC. now owns 2,638 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 76 shares during the last quarter. Western Financial Corp CA purchased a new position in shares of FactSet Research Systems during the third quarter worth approximately $1,255,000. Mitchell & Pahl Private Wealth LLC raised its stake in shares of FactSet Research Systems by 7.5% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,180 shares of the business services provider’s stock worth $858,000 after acquiring an additional 222 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in shares of FactSet Research Systems by 15.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 2,564 shares of the business services provider’s stock worth $735,000 after acquiring an additional 351 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDS. Barclays upped their price objective on shares of FactSet Research Systems from $216.00 to $250.00 and gave the company an “underweight” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Rothschild & Co Redburn cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price on the stock. in a research report on Thursday, June 18th. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $210.00 to $250.00 and gave the stock an “underweight” rating in a research note on Thursday, October 1st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of FactSet Research Systems in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $271.79.

FactSet Research Systems Trading Up 4.7%

FDS stock traded up $13.74 during midday trading on Thursday, hitting $303.48. The company had a trading volume of 308,707 shares, compared to its average volume of 931,931. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $320.48. The stock’s 50 day moving average price is $285.24 and its 200 day moving average price is $253.97. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.63 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The firm had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. During the same quarter last year, the business earned $4.05 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, equities research analysts expect that FactSet Research Systems Inc. will post 19.63 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.5%. FactSet Research Systems’s dividend payout ratio is presently 31.87%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.