Cibc World Market Inc. Acquires New Stake in FactSet Research Systems Inc. $FDS

Key Points

• Cibc World Market Inc. acquired 10,635 shares of FactSet Research Systems during the second quarter, valued at approximately $2.45 million. Institutional investors collectively own 91.24% of the company.
• Analyst sentiment remains cautious: FactSet has an average “Reduce” rating and a consensus price target of $253, with ratings ranging from Strong Buy to Sell.
• FactSet exceeded quarterly expectations with $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, representing a 1.6% annualized yield.

Cibc World Market Inc. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,635 shares of the business services provider's stock, valued at approximately $2,447,000.

A number of other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its stake in shares of FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider's stock worth $3,071,000 after acquiring an additional 30 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of FactSet Research Systems by 2.7% in the second quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider's stock valued at $798,000 after acquiring an additional 48 shares in the last quarter. Lafayette Investments Inc. increased its stake in shares of FactSet Research Systems by 1.1% during the first quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider's stock worth $982,000 after acquiring an additional 49 shares during the period. Tema ETFs LLC increased its stake in shares of FactSet Research Systems by 8.1% during the second quarter. Tema ETFs LLC now owns 669 shares of the business services provider's stock worth $154,000 after acquiring an additional 50 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider's stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FDS. Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a "neutral" rating to a "sell" rating and set a $215.00 price objective for the company. in a research report on Thursday, June 18th. BMO Capital Markets boosted 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. Barclays increased their target price on FactSet Research Systems from $210.00 to $216.00 and gave the stock an "underweight" rating in a research note on Monday, July 6th. Wolfe Research raised their price target 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, Weiss Ratings upgraded FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $253.00.

FactSet Research Systems Stock Performance

Shares of FDS opened at $295.02 on Thursday. The company has a 50-day simple moving average of $260.88 and a 200-day simple moving average of $235.01. 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 company has a market capitalization of $10.49 billion, a PE ratio of 19.43, a P/E/G ratio of 1.99 and a beta of 0.70. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $384.33.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating 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 net margin of 23.21% and a return on equity of 30.68%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter 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. Equities research analysts predict that FactSet Research Systems Inc. will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

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