The Manufacturers Life Insurance Company Purchases New Position in FactSet Research Systems Inc. $FDS

Key Points

• The Manufacturers Life Insurance Company acquired 27,064 FactSet shares worth approximately $6.2 million in the second quarter, while institutional investors collectively own 91.24% of the company.
• Analyst sentiment remains cautious: FactSet has a consensus rating of “Reduce”, with one Strong Buy, one Buy, ten Hold, and six Sell ratings and an average price target of $257.57.
• FactSet exceeded quarterly expectations, reporting $4.53 in earnings per share and $622.92 million in revenue, up 6.4% year over year. The company also declared a quarterly dividend of $1.16 per share, equivalent to a 1.5% yield.

The Manufacturers Life Insurance Company acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,064 shares of the business services provider's stock, valued at approximately $6,227,000. The Manufacturers Life Insurance Company owned 0.08% of FactSet Research Systems as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in FactSet Research Systems by 5.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider's stock worth $785,000 after buying an additional 91 shares during the period. Empowered Funds LLC grew its stake in FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider's stock valued at $442,000 after acquiring an additional 210 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider's stock worth $62,000 after purchasing an additional 51 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of FactSet Research Systems by 15.6% during the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider's stock valued at $2,347,000 after purchasing an additional 707 shares in the last quarter. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FDS. Barclays increased their target price on FactSet Research Systems from $210.00 to $216.00 and gave the stock an "underweight" rating in a research note on Monday, July 6th. Bank of America boosted their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an "underperform" rating in a research report on Thursday, July 2nd. The Goldman Sachs Group cut FactSet Research Systems from a "sell" rating to an "underweight" rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft boosted their price target on FactSet Research Systems from $275.00 to $280.00 and gave the company a "hold" rating in a report on Thursday, July 2nd. Finally, Wolfe Research boosted their target price on FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company's stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of "Reduce" and a consensus price target of $257.57.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $309.63 on Monday. 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 stock has a 50 day moving average price of $264.27 and a 200 day moving average price of $236.44. The stock has a market capitalization of $11.01 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.07 and a beta of 0.70. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $377.07.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Analysts predict that FactSet Research Systems Inc. will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems's dividend payout ratio (DPR) is 30.57%.

FactSet Research Systems Company 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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