Man Group plc Makes New Investment in FactSet Research Systems Inc. $FDS

Key Points

• Man Group acquired 3,340 FactSet Research Systems shares worth approximately $768,000 in the second quarter, while institutional investors collectively own 91.24% of the company.
• FactSet exceeded quarterly expectations, reporting adjusted earnings of $4.53 per share and revenue of $622.92 million, with revenue rising 6.4% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $257.57, below its reported share price of $312.78. FactSet also declared a quarterly dividend of $1.16 per share, representing a 1.5% yield.

Man Group plc purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,340 shares of the business services provider's stock, valued at approximately $768,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jupiter Topco LLC acquired a new position in FactSet Research Systems during the second quarter worth about $3,711,000. Hsbc Holdings PLC acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $20,040,000. PDT Partners LLC bought a new position in shares of FactSet Research Systems during the 2nd quarter valued at about $690,000. Canada Pension Plan Investment Board acquired a new position in shares of FactSet Research Systems in the 2nd quarter worth approximately $7,330,000. Finally, Legal & General Group Plc acquired a new position in shares of FactSet Research Systems in the 2nd quarter worth approximately $14,972,000. Institutional investors own 91.24% of the company's stock.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Wolfe Research upped their price target on FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a report on Wednesday, July 1st. BMO Capital Markets increased their price objective on FactSet Research Systems from $257.00 to $275.00 and gave the company a "market perform" rating in a research report on Thursday, July 2nd. UBS Group reissued a "buy" rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on FactSet Research Systems from $240.00 to $304.00 and gave the stock a "sector perform" rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, FactSet Research Systems has a consensus rating of "Reduce" and an average price target of $257.57.

FactSet Research Systems Stock Up 2.2%

Shares of NYSE:FDS opened at $312.78 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $11.13 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $377.07. The firm has a 50 day simple moving average of $271.78 and a 200 day simple moving average of $239.49.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The firm had revenue of $622.92 million for the quarter, compared to analysts' expectations of $617.91 million. During the same period in the previous year, the company posted $4.27 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems's payout ratio is currently 30.57%.

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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