Assenagon Asset Management S.A. Boosts Stake in FactSet Research Systems Inc. $FDS

Key Points

• Assenagon Asset Management increased its FactSet stake by 89.4% in the second quarter, bringing its holdings to 16,465 shares valued at approximately $3.8 million. Institutional investors collectively own 91.24% of FDS shares.
• FactSet exceeded quarterly expectations, reporting $4.53 in EPS and $622.92 million in revenue, with revenue up 6.4% year over year. The company guided to fiscal 2026 EPS of $17.25–$17.75.
• Despite the earnings beat, analyst sentiment remains cautious: FactSet has a consensus “Reduce” rating and a $253 price target, below its reported opening price of $278.75.

Assenagon Asset Management S.A. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 89.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,465 shares of the business services provider's stock after acquiring an additional 7,771 shares during the quarter. Assenagon Asset Management S.A.'s holdings in FactSet Research Systems were worth $3,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WPG Advisers LLC boosted its position in FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider's stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank purchased a new position in FactSet Research Systems in the fourth quarter valued at about $29,000. BOKF NA raised its holdings in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider's stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Navalign LLC bought a new position in FactSet Research Systems in the fourth quarter worth about $32,000. Finally, Litman Gregory Wealth Management LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $32,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.5%

NYSE:FDS opened at $278.75 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $387.75. The company has a market cap of $9.92 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 0.70. The company's 50 day moving average is $251.02 and its two-hundred day moving average is $232.18.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business's quarterly revenue was up 6.4% on a year-over-year basis. 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. Analysts anticipate that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FDS. Weiss Ratings upgraded shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a "hold" rating in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded shares of FactSet Research Systems from a "sell" rating to an "underweight" rating in a research note on Thursday, June 18th. Jefferies Financial Group lifted their price target on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $200.00 to $210.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $253.00.

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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