Mirae Asset Global Investments Co. Ltd. Buys 26,489 Shares of FactSet Research Systems Inc. $FDS

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,489 shares of the business services provider’s stock, valued at approximately $7,151,000.

A number of other large investors have also recently bought and sold shares of the business. Bamco Inc. NY bought a new position in shares of FactSet Research Systems in the 2nd quarter worth about $966,533,000. BlackRock Inc. acquired a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $657,658,000. Bank of America Corp DE bought a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $176,141,000. Bank of New York Mellon Corp bought a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $68,587,000. Finally, Equity Investment Corp acquired a new stake in FactSet Research Systems during the second quarter worth approximately $65,626,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Stock Up 2.8%

FDS stock opened at $342.04 on Thursday. The stock’s 50 day simple moving average is $294.87 and its 200 day simple moving average is $251.72. The company has a market cap of $12.06 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.87 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.60. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $345.66.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. The firm had revenue of $634.70 million during the quarter, compared to analysts’ expectations of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, research analysts expect that FactSet Research Systems Inc. will post 19.63 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FDS shares. William Blair raised FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 8th. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $210.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, October 1st. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a research note on Thursday, August 27th. Finally, Morgan Stanley boosted their target price on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $271.79.

About FactSet Research Systems

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.