Bank of New York Mellon Corp Invests $68.59 Million in FactSet Research Systems Inc. $FDS

Key Points

• Bank of New York Mellon initiated a $68.59 million position in FactSet Research Systems, purchasing 298,101 shares and owning approximately 0.84% of the company. Institutional investors and hedge funds collectively hold 91.24% of FactSet’s stock.
• Analyst sentiment remains cautious: FactSet has an average “Reduce” rating and a consensus price target of $253, with 10 analysts rating it Hold and six rating it Sell.
• FactSet exceeded quarterly expectations, reporting $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 1.6% annualized yield.

Bank of New York Mellon Corp bought a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 298,101 shares of the business services provider's stock, valued at approximately $68,587,000. Bank of New York Mellon Corp owned about 0.84% of FactSet Research Systems at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Investment House LLC increased its stake in shares of FactSet Research Systems by 311.5% in the fourth quarter. Investment House LLC now owns 42,393 shares of the business services provider's stock valued at $12,302,000 after buying an additional 32,092 shares during the period. Regents of The University of California raised its position in shares of FactSet Research Systems by 118.2% during the first quarter. Regents of The University of California now owns 226,375 shares of the business services provider's stock worth $49,121,000 after acquiring an additional 122,611 shares during the last quarter. Hendley & Co. Inc. acquired a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $2,162,000. Deane Retirement Strategies Inc. acquired a new position in shares of FactSet Research Systems in the second quarter worth approximately $3,760,000. Finally, Kinsale Capital Group Inc. bought a new stake in FactSet Research Systems in the fourth quarter valued at approximately $5,151,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on FDS. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and set a $215.00 price objective on the stock. in a research note on Thursday, June 18th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 2nd. The Goldman Sachs Group lowered shares of FactSet Research Systems from a "sell" rating to an "underweight" rating in a report on Thursday, June 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $240.00 price target on shares of FactSet Research Systems in a report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of "Reduce" and a consensus target price of $253.00.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $296.00 on Wednesday. The business's fifty day simple moving average is $259.55 and its 200 day simple moving average is $234.41. The firm has a market capitalization of $10.53 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.05 and a beta of 0.70. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $386.52. 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 (NYSE:FDS - Get Free Report) last released its 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. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. During the same period last year, the business posted $4.27 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, analysts anticipate that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

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 1.6%. FactSet Research Systems's dividend payout ratio is currently 30.57%.

About FactSet Research Systems

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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