Baird Financial Group Inc. Sells 6,134 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Baird Financial Group cut its FactSet Research Systems position by 35.8% in the second quarter, selling 6,134 shares and retaining 11,010 shares valued at approximately $2.53 million.
• Institutional ownership remains high at 91.24%, with several major firms—including Bamco, BlackRock and Norges Bank—establishing or increasing positions. Analysts maintain a cautious outlook, with a consensus “Reduce” rating and a $266.36 target price.
• FactSet exceeded quarterly earnings and revenue expectations, reporting $4.53 in EPS and $622.92 million in revenue, while declaring a $1.16 quarterly dividend—equivalent to a 1.7% annual yield.

Baird Financial Group Inc. reduced its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 35.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,010 shares of the business services provider's stock after selling 6,134 shares during the quarter. Baird Financial Group Inc.'s holdings in FactSet Research Systems were worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FDS. Bamco Inc. NY purchased a new stake in FactSet Research Systems during the second quarter valued at about $966,533,000. BlackRock Inc. bought a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $657,658,000. Bank of America Corp DE lifted its stake in shares of FactSet Research Systems by 33.6% during the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider's stock valued at $182,861,000 after buying an additional 212,022 shares in the last quarter. Norges Bank purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at approximately $151,492,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of FactSet Research Systems by 69.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 455,371 shares of the business services provider's stock valued at $132,144,000 after buying an additional 186,665 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FDS shares. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an "underweight" rating in a research note on Thursday, July 2nd. BMO Capital Markets increased their target price on FactSet Research Systems from $257.00 to $275.00 and gave the stock a "market perform" rating in a research report on Thursday, July 2nd. Bank of America raised their price target on FactSet Research Systems from $205.00 to $210.00 and gave the stock an "underperform" rating in a report on Thursday, July 2nd. Barclays lifted their price target on FactSet Research Systems from $216.00 to $250.00 and gave the company an "underweight" rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on FactSet Research Systems from $280.00 to $299.00 and gave the company a "hold" rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $266.36.

FactSet Research Systems Price Performance

FDS stock opened at $276.05 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $348.39. The stock has a market cap of $9.82 billion, a PE ratio of 18.19, a P/E/G ratio of 1.59 and a beta of 0.71. The firm has a 50 day simple moving average of $278.26 and a two-hundred day simple moving average of $244.59.

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 for the quarter, beating the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million for 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 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, analysts predict that FactSet Research Systems Inc. will post 17.77 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be paid a $1.16 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.7%. FactSet Research Systems's dividend payout ratio is currently 30.57%.

About FactSet Research Systems

FactSet Research Systems Inc NYSE: FDS provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.

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