Wendell David Associates Inc. Sells 1,290 Shares of FactSet Research Systems Inc. $FDS

Key Points

• Wendell David Associates Inc. reduced its stake in FactSet Research Systems by 5.0%, selling 1,290 shares and now holding about 24,477 shares worth $10.95 million.
• Several institutional investors, including the Vanguard Group and Millennium Management, have recently adjusted their positions in FactSet, increasing their stakes significantly in the first quarter.
• FactSet's stock reported a 3.2% increase, with a recent average target price set at $356.78, despite analysts providing mixed ratings, with one upgrade to "hold" and multiple downgrades.

Wendell David Associates Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS - Free Report) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,477 shares of the business services provider's stock after selling 1,290 shares during the period. FactSet Research Systems accounts for 1.1% of Wendell David Associates Inc.'s holdings, making the stock its 25th biggest position. Wendell David Associates Inc. owned about 0.06% of FactSet Research Systems worth $10,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDS. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock worth $2,180,160,000 after purchasing an additional 137,874 shares in the last quarter. Nuveen LLC bought a new stake in shares of FactSet Research Systems during the 1st quarter worth approximately $54,148,000. Millennium Management LLC raised 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 acquiring an additional 40,800 shares during the period. Woodline Partners LP raised 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 acquiring an additional 35,609 shares during the period. Finally, Invesco Ltd. raised 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 acquiring an additional 34,549 shares during the period. Institutional investors own 91.24% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FDS shares. Huber Research upgraded FactSet Research Systems to a "strong sell" rating in a research note on Friday, September 19th. Evercore ISI dropped their price target on FactSet Research Systems from $394.00 to $328.00 and set an "in-line" rating on the stock in a research note on Friday, September 19th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Morgan Stanley dropped their price target on FactSet Research Systems from $393.00 to $293.00 and set an "underweight" rating on the stock in a research note on Friday, September 19th. Finally, Rothschild Redb upgraded FactSet Research Systems from a "strong sell" rating to a "hold" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $356.78.

Insider Buying and Selling at FactSet Research Systems

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

FactSet Research Systems Stock Up 3.2%

FDS stock opened at $286.81 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.47. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.12 and a beta of 0.79. The business's fifty day moving average price is $333.08 and its two-hundred day moving average price is $398.20. FactSet Research Systems Inc. has a fifty-two week low of $272.50 and a fifty-two week 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 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%.The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

FactSet Research Systems Company 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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