Perigon Wealth Management LLC Invests $416,000 in FactSet Research Systems Inc. $FDS

Perigon Wealth Management LLC purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,807 shares of the business services provider’s stock, valued at approximately $416,000.

Several other large investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its stake in FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after acquiring an additional 30 shares in the last quarter. WPG Advisers LLC grew its stake in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in FactSet Research Systems by 2.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider’s stock valued at $798,000 after acquiring an additional 48 shares in the last quarter. Lafayette Investments Inc. increased its holdings in shares of FactSet Research Systems by 1.1% in the 1st quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock valued at $982,000 after purchasing an additional 49 shares during the period. Finally, Tema ETFs LLC increased its holdings in shares of FactSet Research Systems by 8.1% in the 2nd quarter. Tema ETFs LLC now owns 669 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 50 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 0.1%

Shares of FactSet Research Systems stock opened at $298.45 on Friday. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.70. The stock has a 50-day simple moving average of $255.86 and a 200-day simple moving average of $232.97. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $387.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68.

FactSet Research Systems (NYSE:FDS) 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 for the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities research analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s payout ratio is currently 30.57%.

Analysts Set New Price Targets

FDS has been the subject of several research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $240.00 price target on shares of FactSet Research Systems in a report on Thursday, July 2nd. Jefferies Financial Group upped their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research report on Thursday, July 2nd. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a research note on Thursday, June 18th. Finally, Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $253.00.

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.