FactSet Research Systems Inc. $FDS Stock Sold by Vest Financial LLC

Vest Financial LLC cut its position in FactSet Research Systems Inc. (NYSE:FDS) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 199,841 shares of the business services provider’s stock after selling 2,217 shares during the period. Vest Financial LLC’s holdings in FactSet Research Systems were worth $53,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Axxcess Wealth Management LLC purchased a new position in shares of FactSet Research Systems in the third quarter worth about $212,000. Pinnacle Associates Ltd. bought a new stake in FactSet Research Systems during the 3rd quarter valued at $205,000. Nisa Investment Advisors LLC raised its holdings in FactSet Research Systems by 1.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,567 shares of the business services provider’s stock valued at $3,123,000 after acquiring an additional 158 shares during the period. Willis Investment Counsel raised its holdings in FactSet Research Systems by 9.4% during the 3rd quarter. Willis Investment Counsel now owns 55,816 shares of the business services provider’s stock valued at $15,068,000 after acquiring an additional 4,795 shares during the period. Finally, Net Worth Advisory Group purchased a new stake in shares of FactSet Research Systems during the third quarter worth $253,000. 91.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FDS. Bank of America lifted their price target on FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research report on Thursday, July 2nd. Wolfe Research increased their price objective on FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada increased their target price on FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FactSet Research Systems in a research note on Friday, October 9th. Finally, Stifel Nicolaus raised their price objective on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Stock Performance

FDS opened at $320.02 on Thursday. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.75 and a beta of 0.77. The company has a fifty day moving average of $287.92 and a 200 day moving average of $257.26. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $320.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.17. The company had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. FactSet Research Systems’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 19.63 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were issued a $1.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.4%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.87%.

FactSet Research Systems Profile

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.