FactSet Research Systems Inc. $FDS Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. raised its holdings in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 107.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,354 shares of the business services provider's stock after buying an additional 3,297 shares during the period. Shell Asset Management Co.'s holdings in FactSet Research Systems were worth $2,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDS. SouthState Corp increased its position in shares of FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after purchasing an additional 84 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems during the first quarter worth about $41,000. Bank of Jackson Hole Trust increased its position in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after purchasing an additional 62 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in shares of FactSet Research Systems by 800.0% during the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after purchasing an additional 88 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FDS. Evercore ISI cut their target price on FactSet Research Systems from $394.00 to $328.00 and set an "in-line" rating on the stock in a research report on Friday, September 19th. Stifel Nicolaus cut their target price on FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating on the stock in a research report on Friday, September 19th. Huber Research upgraded FactSet Research Systems to a "strong sell" rating in a research report on Friday, September 19th. Wells Fargo & Company dropped their price target on FactSet Research Systems from $355.00 to $296.00 and set an "underweight" rating on the stock in a research report on Friday, September 19th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of FactSet Research Systems in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $359.10.

FactSet Research Systems Price Performance

Shares of FDS opened at $276.56 on Wednesday. FactSet Research Systems Inc. has a twelve month low of $272.50 and a twelve month high of $499.87. The stock's 50 day moving average is $350.68 and its two-hundred day moving average is $407.27. The firm has a market capitalization of $10.46 billion, a PE ratio of 17.79, a P/E/G ratio of 2.03 and a beta of 0.79. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts' consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million during the quarter, compared to analysts' expectations of $593.32 million. During the same period in the prior year, the firm posted $3.74 EPS. FactSet Research Systems's revenue for the quarter was up 6.2% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems's payout ratio is currently 28.30%.

Insider Activity at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Mcloughlin purchased 338 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were purchased at an average cost of $296.19 per share, for a total transaction of $100,112.22. Following the purchase, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. This represents a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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