11,829 Shares in FactSet Research Systems Inc. $FDS Acquired by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management acquired 11,829 FactSet shares valued at approximately $2.72 million. Institutional investors and hedge funds collectively own 91.24% of the company.
• Analyst sentiment remains cautious: FactSet has a consensus “Reduce” rating and an average price target of $253, despite several analysts recently raising their targets.
• FactSet beat quarterly expectations with $4.53 in EPS and $622.92 million in revenue, up 6.4% year over year. The company also declared a quarterly dividend of $1.16 per share, equivalent to a 1.5% annualized yield.

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,829 shares of the business services provider's stock, valued at approximately $2,722,000.

A number of other institutional investors also recently modified their holdings of FDS. Jones Financial Companies Lllp increased its holdings in FactSet Research Systems by 5.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider's stock worth $785,000 after purchasing an additional 91 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FactSet Research Systems by 27.6% during the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider's stock valued at $442,000 after buying an additional 210 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after buying an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider's stock worth $62,000 after buying an additional 51 shares in the last quarter. Finally, Cerity Partners LLC raised its position in FactSet Research Systems by 15.6% in the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider's stock valued at $2,347,000 after buying an additional 707 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Barclays raised their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the company an "underweight" rating in a research note on Monday, July 6th. Bank of America increased their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an "underperform" rating in a report on Thursday, July 2nd. Wolfe Research increased their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a report on Wednesday, July 1st. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and set a $215.00 price target on the stock. in a research report on Thursday, June 18th. Finally, The Goldman Sachs Group cut shares of FactSet Research Systems from a "sell" rating to an "underweight" rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $253.00.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $305.07 on Tuesday. The company has a market capitalization of $10.85 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.70. The company's 50-day moving average is $258.40 and its 200 day moving average is $233.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $386.52.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.44 by $0.09. The business had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems's dividend payout ratio (DPR) is presently 30.57%.

FactSet Research Systems Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company's core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

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