FactSet Research Systems Inc. $FDS Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,272 shares of the business services provider's stock after selling 301 shares during the quarter. California State Teachers Retirement System owned about 0.12% of FactSet Research Systems worth $9,725,942 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wedmont Private Capital boosted its holdings in FactSet Research Systems by 37.1% in the 2nd quarter. Wedmont Private Capital now owns 1,872 shares of the business services provider's stock worth $463,000 after acquiring an additional 507 shares during the period. HB Wealth Management LLC grew its stake in shares of FactSet Research Systems by 76.4% in the 2nd quarter. HB Wealth Management LLC now owns 5,909 shares of the business services provider's stock valued at $1,360,000 after purchasing an additional 2,560 shares during the period. AlphaGrep UK Ltd bought a new stake in shares of FactSet Research Systems during the second quarter worth approximately $378,000. TD Waterhouse Canada Inc. boosted its position in FactSet Research Systems by 872.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,517 shares of the business services provider's stock worth $372,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in FactSet Research Systems by 1.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider's stock valued at $506,000 after buying an additional 36 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Trading Up 1.3%

Shares of NYSE FDS traded up $3.53 during mid-day trading on Tuesday, reaching $280.46. 356,202 shares of the company's stock were exchanged, compared to its average volume of 951,998. The company's 50-day moving average is $277.32 and its 200-day moving average is $243.66. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.56 and a beta of 0.71. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $348.39. 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 (NYSE:FDS - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Analysts expect that FactSet Research Systems Inc. will post 17.77 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.7%. FactSet Research Systems's dividend payout ratio (DPR) is presently 30.57%.

Analyst Ratings Changes

Several research firms have weighed in on FDS. Rothschild & Co Redburn cut FactSet Research Systems from a "neutral" rating to a "sell" rating and set a $215.00 price objective on the stock. in a research report on Thursday, June 18th. Bank of America increased their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an "underperform" rating in a research report on Thursday, July 2nd. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $230.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $280.00 to $299.00 and gave the stock a "hold" rating in a report on Friday. Finally, Barclays raised their target price on shares of FactSet Research Systems from $216.00 to $250.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have 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 company has an average rating of "Reduce" and a consensus price target of $266.36.

About FactSet Research Systems

FactSet Research Systems Inc NYSE: FDS provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.

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