BlackRock Inc. Makes New $657.66 Million Investment in FactSet Research Systems Inc. $FDS

Key Points

• BlackRock acquired 2.86 million FactSet shares worth approximately $657.7 million, giving it an 8.04% stake. Institutional investors collectively own 91.24% of the company.
• FactSet exceeded quarterly expectations with $4.53 in EPS and $622.9 million in revenue, up 6.4% year over year. The company provided fiscal 2026 EPS guidance of $17.25–$17.75.
• Analysts remain cautious, with a consensus rating of “Reduce” and a $253 price target, despite FactSet declaring a $1.16 quarterly dividend, equivalent to a 1.6% yield.

BlackRock Inc. bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 2,858,389 shares of the business services provider's stock, valued at approximately $657,658,000. BlackRock Inc. owned about 8.04% of FactSet Research Systems as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FDS. BOKF NA grew its position 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 acquiring an additional 102 shares in the last quarter. Navalign LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $32,000. Litman Gregory Wealth Management LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after purchasing an additional 64 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on FactSet Research Systems from $275.00 to $280.00 and gave the company a "hold" rating in a research report on Thursday, July 2nd. Barclays raised their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an "underweight" rating in a research report on Monday, July 6th. UBS Group reaffirmed a "buy" rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their target price 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. Finally, Jefferies Financial Group raised their target price 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $253.00.

FactSet Research Systems Stock Down 0.2%

Shares of NYSE FDS opened at $299.26 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.01 and a beta of 0.70. The stock has a 50 day moving average price of $257.01 and a 200 day moving average price of $233.33. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $386.52.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $622.92 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems's dividend payout ratio (DPR) is currently 30.57%.

FactSet Research Systems Company 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.

Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source