FactSet Research Systems Inc. $FDS Stock: Curated Wealth Partners LLC Trims Position

Key Points

• Curated Wealth Partners LLC cut its FactSet position by 91.2% in the third quarter, selling 22,825 shares and retaining 2,197 shares valued at approximately $593,000. Institutional investors collectively own 91.24% of the company.
• FactSet reported quarterly EPS of $4.52, exceeding estimates of $4.35, while revenue rose 6.3% year over year to $634.7 million. The company also declared a $1.16 quarterly dividend, equivalent to a 1.5% yield.
• Despite a share price near $301 and a 12-month high of $320.48, analyst sentiment remains cautious: the consensus rating is “Reduce”, with a $271.79 average price target.

Curated Wealth Partners LLC cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 91.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,197 shares of the business services provider's stock after selling 22,825 shares during the quarter. Curated Wealth Partners LLC's holdings in FactSet Research Systems were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of FDS. Concurrent Investment Advisors LLC boosted its position in shares of FactSet Research Systems by 1.7% during the second quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider's stock worth $506,000 after buying an additional 36 shares during the period. Parkside Financial Bank & Trust lifted its stake in FactSet Research Systems by 31.2% during the second 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 last quarter. Empirical Finance LLC boosted its holdings in shares of FactSet Research Systems by 4.7% in the 2nd quarter. Empirical Finance LLC now owns 1,004 shares of the business services provider's stock valued at $231,000 after buying an additional 45 shares in the last quarter. Lafayette Investments Inc. boosted its holdings in shares of FactSet Research Systems by 1.1% in the 1st quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider's stock valued at $982,000 after buying an additional 49 shares in the last quarter. Finally, Tema ETFs LLC boosted its holdings in shares of FactSet Research Systems by 8.1% in the 2nd quarter. Tema ETFs LLC now owns 669 shares of the business services provider's stock valued at $154,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $301.19 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.71 billion, a P/E ratio of 20.69, a PEG ratio of 1.69 and a beta of 0.77. The company has a 50-day moving average of $286.11 and a two-hundred day moving average of $255.02. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $320.48.

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

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were issued a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.5%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.87%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. William Blair raised shares of FactSet Research Systems from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 8th. Barclays boosted their target price on FactSet Research Systems from $216.00 to $250.00 and gave the company an "underweight" rating in a report on Tuesday, September 8th. Wells Fargo & Company upped their price target on FactSet Research Systems from $210.00 to $250.00 and gave the stock an "underweight" rating in a research note on Thursday, October 1st. Weiss Ratings restated a "hold (c-)" rating on shares of FactSet Research Systems in a research note on Friday, October 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a "sector perform" rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $271.79.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.

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