39,569 Shares of FactSet Research Systems Inc. $FDS Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors bought 39,569 FactSet shares in the third quarter, valued at about $10.7 million, representing roughly 0.11% of the company.
• FactSet’s latest quarter beat analyst expectations, with EPS of $4.52 versus $4.35 expected and revenue of $634.7 million, up 6.3% year over year.
• Analysts’ consensus rating is “Reduce,” with an average price target of $278.57; institutional investors own 91.24% of the stock.

Alps Advisors Inc. purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,569 shares of the business services provider's stock, valued at approximately $10,682,000. Alps Advisors Inc. owned approximately 0.11% of FactSet Research Systems as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new position in FactSet Research Systems during the 2nd quarter valued at about $966,533,000. Benjamin Edwards Inc. increased its stake in shares of FactSet Research Systems by 142.8% in the second quarter. Benjamin Edwards Inc. now owns 3,324 shares of the business services provider's stock valued at $765,000 after purchasing an additional 1,955 shares during the period. Regents of The University of California increased its stake in shares of FactSet Research Systems by 118.2% in the first quarter. Regents of The University of California now owns 226,375 shares of the business services provider's stock valued at $49,121,000 after purchasing an additional 122,611 shares during the period. Deane Retirement Strategies Inc. bought a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $3,760,000. Finally, California State Teachers Retirement System raised its holdings in shares of FactSet Research Systems by 19.0% during the first quarter. California State Teachers Retirement System now owns 42,573 shares of the business services provider's stock valued at $9,238,000 after buying an additional 6,805 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. Weiss Ratings raised FactSet Research Systems from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. BMO Capital Markets raised their target price on FactSet Research Systems from $300.00 to $314.00 and gave the company a "market perform" rating in a research report on Tuesday, October 13th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $254.00 to $292.00 and gave the company a "hold" rating in a research note on Thursday, October 1st. Morgan Stanley boosted their price target on FactSet Research Systems from $230.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 10th. Finally, Barclays increased their price target on FactSet Research Systems from $250.00 to $305.00 and gave the stock an "underweight" rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $278.57.

FactSet Research Systems Price Performance

NYSE FDS opened at $328.08 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $348.00. The company has a market cap of $11.57 billion, a PE ratio of 22.53, a PEG ratio of 1.84 and a beta of 0.69. The stock's 50-day moving average price is $296.23 and its two-hundred day moving average price is $252.23.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. During the same quarter in the previous year, the business earned $4.05 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, analysts predict that FactSet Research Systems Inc. will post 19.63 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 31st. FactSet Research Systems's dividend payout ratio (DPR) is 31.87%.

About FactSet Research Systems

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making.

The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.

Founded in 1978, FactSet serves clients across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

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