Commerce Bank Makes New Investment in FactSet Research Systems Inc. $FDS

Commerce Bank acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,546 shares of the business services provider's stock, valued at approximately $816,000.

A number of other large investors have also recently made changes to their positions in the stock. GQG Partners LLC purchased a new stake in FactSet Research Systems during the 2nd quarter valued at about $4,900,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of FactSet Research Systems in the second quarter worth about $681,000. Evolve Private Wealth LLC purchased a new position in shares of FactSet Research Systems in the second quarter worth about $763,000. Westpac Banking Corp acquired a new stake in shares of FactSet Research Systems during the second quarter worth about $329,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of FactSet Research Systems during the second quarter worth about $323,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on FDS shares. The Goldman Sachs Group lowered FactSet Research Systems from a "sell" rating to an "underweight" rating in a research report on Thursday, June 18th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 2nd. Weiss Ratings upgraded shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Bank of America upped their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an "underperform" rating in a report on Thursday, July 2nd. Finally, Wolfe Research increased their price objective on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $253.00.

FactSet Research Systems Stock Down 0.4%

FactSet Research Systems stock opened at $295.02 on Thursday. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth 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. The business's 50-day moving average price is $260.88 and its 200 day moving average price is $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.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. During the same period in the previous year, the company posted $4.27 earnings per share. FactSet Research Systems'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, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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