Coastal Bridge Advisors LLC Acquires New Position in FactSet Research Systems Inc. $FDS

Coastal Bridge Advisors LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,160 shares of the business services provider's stock, valued at approximately $1,417,000.

Other large investors have also recently bought and sold shares of the company. Regents of The University of California boosted its position in FactSet Research Systems by 118.2% during the 1st quarter. Regents of The University of California now owns 226,375 shares of the business services provider's stock valued at $49,121,000 after purchasing an additional 122,611 shares during the period. Investment House LLC increased its position in 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 worth $12,302,000 after buying an additional 32,092 shares during the period. Hendley & Co. Inc. acquired a new stake in FactSet Research Systems in the fourth quarter worth $2,162,000. Deane Retirement Strategies Inc. bought a new stake in FactSet Research Systems in the second quarter valued at $3,760,000. Finally, Kinsale Capital Group Inc. bought a new stake in FactSet Research Systems in the fourth quarter valued at $5,151,000. Institutional investors own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FDS shares. Wolfe Research upped their price target on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 1st. BMO Capital Markets lifted their price objective on shares of 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. Morgan Stanley lifted their price objective 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. Weiss Ratings raised shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company upped their target price on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. One equities 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $257.57.

FactSet Research Systems Trading Up 3.2%

Shares of FDS stock opened at $304.81 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $381.68. The stock has a fifty day moving average of $262.53 and a two-hundred day moving average of $235.69. The firm has a market capitalization of $10.84 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.98 and a beta of 0.70.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $622.92 million during the quarter, compared to analysts' expectations of $617.91 million. During the same quarter in the prior year, the business posted $4.27 earnings per share. The company's revenue for the quarter 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. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 31st. 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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