Nordea Investment Management AB Has $153.91 Million Stock Holdings in FactSet Research Systems Inc. $FDS

Key Points

• Nordea Investment Management AB reduced its stake in FactSet Research Systems Inc. by 2.8%, owning a total of 347,220 shares valued at approximately $153.91 million.
• FactSet reported $4.05 EPS for the recent quarter, missing analyst estimates, but achieved $596.90 million in revenue, surpassing expectations.
• A quarterly dividend of $1.10 per share was recently paid, with a 1.5% dividend yield and a payout ratio of 28.30%.

Nordea Investment Management AB lessened its stake in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 347,220 shares of the business services provider's stock after selling 9,893 shares during the quarter. Nordea Investment Management AB owned 0.92% of FactSet Research Systems worth $153,909,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FDS. Vanguard Group Inc. increased its stake in FactSet Research Systems by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares during the period. Nuveen LLC acquired a new position in FactSet Research Systems in the 1st quarter valued at approximately $54,148,000. Millennium Management LLC increased its stake in FactSet Research Systems by 58.6% in the 1st quarter. Millennium Management LLC now owns 110,409 shares of the business services provider's stock valued at $50,196,000 after buying an additional 40,800 shares during the period. Woodline Partners LP increased its stake in FactSet Research Systems by 1,560.4% in the 1st quarter. Woodline Partners LP now owns 37,891 shares of the business services provider's stock valued at $17,227,000 after buying an additional 35,609 shares during the period. Finally, Invesco Ltd. increased its stake in FactSet Research Systems by 7.6% in the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock valued at $223,091,000 after buying an additional 34,549 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Price Performance

NYSE FDS opened at $286.81 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $333.08 and a 200 day simple moving average of $398.56. The company has a market cap of $10.84 billion, a P/E ratio of 18.44, a P/E/G ratio of 2.05 and a beta of 0.79. FactSet Research Systems Inc. has a 1 year low of $272.50 and a 1 year high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.08). The firm had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.FactSet Research Systems's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.74 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems's dividend payout ratio is currently 28.30%.

Insider Buying and Selling at FactSet Research Systems

In related news, insider Christopher Mcloughlin purchased 338 shares of FactSet Research Systems stock in a transaction on Tuesday, September 23rd. The stock was purchased at an average cost of $296.19 per share, with a total value of $100,112.22. Following the acquisition, the insider directly owned 3,446 shares in the company, valued at approximately $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Helen L. Shan purchased 370 shares of FactSet Research Systems stock in a transaction on Monday, October 6th. The stock was bought at an average cost of $275.48 per share, with a total value of $101,927.60. Following the completion of the acquisition, the executive vice president owned 9,284 shares in the company, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays decreased their target price on shares of FactSet Research Systems from $390.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, September 19th. Zacks Research downgraded shares of FactSet Research Systems from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 23rd. Stifel Nicolaus decreased their target price on shares of FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating for the company in a research report on Friday, September 19th. Huber Research raised shares of FactSet Research Systems to a "strong sell" rating in a research report on Friday, September 19th. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $356.78.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

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