Caisse de depot et placement du Quebec Makes New Investment in FactSet Research Systems Inc. $FDS

Key Points

• Caisse de dépôt et placement du Québec initiated a position in FactSet Research Systems, buying 4,080 shares valued at approximately $939,000. Institutional investors and hedge funds collectively own 91.24% of the company.
• Analyst sentiment remains cautious: FactSet has an average “Reduce” rating and a consensus price target of $257.57, despite several analysts recently raising their targets.
• FactSet exceeded quarterly expectations with $4.53 in adjusted 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, representing a 1.5% annualized yield.

Caisse de depot et placement du Quebec bought a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,080 shares of the business services provider's stock, valued at approximately $939,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FactSet Research Systems by 444,058.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider's stock worth $4,021,376,000 after purchasing an additional 13,854,613 shares during the period. 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 valued at $838,314,000 after purchasing an additional 1,069,786 shares during the period. BlackRock Inc. bought a new position in FactSet Research Systems during the 2nd quarter worth $657,658,000. State Street Corp raised its position in FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider's stock worth $561,873,000 after purchasing an additional 23,660 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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 worth $182,861,000 after buying an additional 212,022 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BMO Capital Markets upped their price target on FactSet Research Systems from $257.00 to $275.00 and gave the company a "market perform" rating in a research report on Thursday, July 2nd. Jefferies Financial Group raised their price objective on FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $200.00 to $210.00 and gave the stock an "underweight" rating in a research note on Thursday, July 2nd. Wolfe Research upped their target price on FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a report on Wednesday, July 1st. Finally, Morgan Stanley increased their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $257.57.

FactSet Research Systems Price Performance

FDS stock opened at $309.63 on Monday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.07 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $377.07. The company's fifty day simple moving average is $264.27 and its 200 day simple moving average is $236.44.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts' consensus estimates of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business had revenue of $622.92 million for the quarter, compared to analysts' expectations of $617.91 million. During the same quarter in the prior year, the firm posted $4.27 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given 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 1.5%. FactSet Research Systems's dividend payout ratio is presently 30.57%.

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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