FactSet Research Systems Inc. $FDS Stock: Assenagon Asset Management S.A. Grows Stake

Key Points

• Assenagon Asset Management more than doubled its FactSet stake during the third quarter, increasing its holdings by 115.8% to 35,534 shares valued at approximately $9.6 million. Institutional investors collectively own 91.24% of FDS.
• FactSet reported quarterly EPS of $4.52, beating estimates of $4.35, while revenue rose 6.3% year over year to $634.7 million. The company provided fiscal 2027 EPS guidance of $19.25–$19.65.
• FDS was trading at $303.36, near its 52-week high, while analysts maintained a cautious outlook: the consensus rating was “Reduce” with an average price target of $271.79. FactSet also pays a quarterly dividend of $1.16 per share, yielding about 1.5% annually.

Assenagon Asset Management S.A. boosted its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 115.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,534 shares of the business services provider's stock after buying an additional 19,069 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.10% of FactSet Research Systems worth $9,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FDS. Parkside Financial Bank & Trust raised its position in FactSet Research Systems by 31.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider's stock worth $42,000 after purchasing an additional 43 shares during the period. State of Wyoming bought a new position in shares of FactSet Research Systems during the first quarter valued at about $51,000. CX Institutional increased its holdings in shares of FactSet Research Systems by 75.7% in the second quarter. CX Institutional now owns 239 shares of the business services provider's stock worth $55,000 after buying an additional 103 shares during the period. Danske Bank A S purchased a new position in shares of FactSet Research Systems in the second quarter worth about $64,000. Finally, GK Wealth Management LLC purchased a new position in shares of FactSet Research Systems in the third quarter worth about $77,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Up 0.6%

NYSE FDS opened at $303.36 on Tuesday. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $320.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60. The stock has a 50 day simple moving average of $286.49 and a two-hundred day simple moving average of $255.99. The stock has a market cap of $10.79 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.69 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The firm had revenue of $634.70 million for the quarter, compared to analysts' expectations of $629.83 million. During the same period in the previous year, the firm earned $4.05 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, analysts forecast that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems's payout ratio is presently 31.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of FactSet Research Systems in a research note on Friday, October 9th. Wolfe Research raised their price target on FactSet Research Systems from $225.00 to $240.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised their price target on FactSet Research Systems from $240.00 to $304.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft lifted their price target on FactSet Research Systems from $280.00 to $299.00 and gave the stock a "hold" rating in a research note on Friday, September 11th. Finally, Barclays lifted their price target on FactSet Research Systems from $216.00 to $250.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Reduce" and a consensus price target of $271.79.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.

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