UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,884 Shares of FactSet Research Systems Inc. $FDS

Key Points

• UBS Asset Management reduced its FactSet stake by 14.4%, selling 19,884 shares in the second quarter and retaining 117,804 shares valued at approximately $27.1 million. Institutional investors collectively own 91.24% of the company.
• Analyst sentiment remains cautious: FactSet has a consensus rating of “Reduce”, with an average price target of $257.57, despite some analysts recently raising their targets.
• FactSet exceeded quarterly expectations with adjusted EPS of $4.53 and revenue of $622.92 million, while revenue rose 6.4% year over year. The company also declared a quarterly dividend of $1.16, representing a 1.5% yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,804 shares of the business services provider's stock after selling 19,884 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of FactSet Research Systems worth $27,104,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. New Mexico Educational Retirement Board lifted its holdings in shares of FactSet Research Systems by 5.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 1,800 shares of the business services provider's stock valued at $414,000 after purchasing an additional 100 shares in the last quarter. Mufg Securities Americas Inc. boosted its holdings in shares of FactSet Research Systems by 6.8% in the second quarter. Mufg Securities Americas Inc. now owns 1,097 shares of the business services provider's stock valued at $252,000 after buying an additional 70 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the second quarter worth $4,954,000. Empowered Funds LLC acquired a new stake in shares of FactSet Research Systems during the second quarter worth $263,000. Finally, United Capital Financial Advisors LLC bought a new stake in FactSet Research Systems in the 2nd quarter valued at $797,000. Institutional investors and hedge funds own 91.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Wolfe Research raised their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Bank of America boosted their price target 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. Finally, Barclays raised their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the company an "underweight" rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of "Reduce" and an average target price of $257.57.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $312.78 on Friday. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $377.07. The stock has a 50 day moving average of $271.78 and a 200-day moving average of $239.49. 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 company has a market capitalization of $11.13 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.84 and a beta of 0.71.

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, topping analysts' consensus estimates of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to analysts' expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, equities research analysts predict that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems's dividend payout ratio is presently 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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