Hsbc Holdings PLC Takes $20.04 Million Position in FactSet Research Systems Inc. $FDS

Hsbc Holdings PLC bought a new position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 87,108 shares of the business services provider's stock, valued at approximately $20,040,000. Hsbc Holdings PLC owned 0.24% of FactSet Research Systems at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider's stock worth $4,021,376,000 after buying an additional 13,854,613 shares during the last quarter. BlackRock Inc. bought a new stake in shares of FactSet Research Systems in the second quarter worth $657,658,000. Bamco Inc. NY increased its position in shares of FactSet Research Systems by 58.8% during the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider's stock valued at $838,314,000 after purchasing an additional 1,069,786 shares during the last quarter. AQR Capital Management LLC increased its holdings in FactSet Research Systems by 4,547.4% during the fourth quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider's stock valued at $204,602,000 after buying an additional 689,891 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in FactSet Research Systems by 1,843.9% during the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider's stock valued at $173,453,000 after purchasing an additional 566,975 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Trading Up 3.2%

NYSE:FDS opened at $304.81 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $262.53 and a 200-day simple moving average of $235.69. The company has a market capitalization of $10.84 billion, a P/E ratio of 20.08, a PEG ratio of 1.98 and a beta of 0.70. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $381.68.

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 EPS for the quarter, beating the consensus estimate of $4.44 by $0.09. The business had revenue of $622.92 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 31st. FactSet Research Systems's dividend payout ratio is 30.57%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Bank of America lifted their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an "underperform" rating in a research note 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 report on Monday, July 13th. Wolfe Research lifted their target price on FactSet Research Systems from $225.00 to $240.00 and gave the stock an "underperform" rating in a report on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the company a "market perform" rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has 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, FactSet Research Systems currently has a consensus rating of "Reduce" and a consensus price target of $257.57.

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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