Bank of America Corp DE Takes Position in FactSet Research Systems Inc. $FDS

Key Points

• Bank of America acquired 765,564 FactSet shares worth approximately $176.1 million in the second quarter, representing about 2.15% of the company. Institutional investors and hedge funds collectively own 91.24% of FDS.
• FactSet exceeded quarterly expectations with earnings of $4.53 per share and revenue of $622.92 million, while revenue increased 6.4% year over year. The company provided fiscal 2026 EPS guidance of $17.25–$17.75.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $266.36, despite recent upgrades and price-target increases. FactSet also maintains a quarterly dividend of $1.16, equivalent to a 1.7% yield.

Bank of America Corp DE bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 765,564 shares of the business services provider's stock, valued at approximately $176,141,000. Bank of America Corp DE owned approximately 2.15% of FactSet Research Systems as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bamco Inc. NY increased its holdings in FactSet Research Systems by 58.8% in the fourth quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider's stock worth $838,314,000 after buying an additional 1,069,786 shares during the last quarter. BlackRock Inc. bought a new stake in FactSet Research Systems in the second quarter worth approximately $657,658,000. Norges Bank acquired a new position in shares of FactSet Research Systems during the 4th quarter worth $151,492,000. Goldman Sachs Group Inc. increased 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 worth $132,144,000 after purchasing an additional 186,665 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of FactSet Research Systems by 123.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider's stock valued at $82,006,000 after purchasing an additional 208,824 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FDS shares. Jefferies Financial Group lifted their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. UBS Group reissued a "buy" rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. The Goldman Sachs Group lowered FactSet Research Systems from a "sell" rating to an "underweight" rating in a report on Thursday, June 18th. William Blair upgraded FactSet Research Systems from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 8th. Finally, Morgan Stanley increased their price target on FactSet Research Systems from $230.00 to $300.00 and gave the company an "equal weight" rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $266.36.

FactSet Research Systems Trading Up 0.9%

Shares of FDS opened at $278.84 on Friday. The stock's 50-day moving average price is $279.00 and its 200 day moving average price is $245.03. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 1.59 and a beta of 0.71. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $338.53.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, topping the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to analysts' expectations of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.FactSet Research Systems's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.77 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

FactSet Research Systems Profile

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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