Equity Investment Corp Sells 53,245 Shares of FactSet Research Systems Inc. $FDS

Equity Investment Corp lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,988 shares of the business services provider’s stock after selling 53,245 shares during the period. Equity Investment Corp owned about 0.66% of FactSet Research Systems worth $62,625,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Bamco Inc. NY bought a new stake in FactSet Research Systems during the second quarter worth about $966,533,000. BlackRock Inc. acquired a new stake in FactSet Research Systems during the second quarter worth about $657,658,000. Bank of America Corp DE acquired a new stake in FactSet Research Systems during the second quarter worth about $176,141,000. Bank of New York Mellon Corp bought a new position in FactSet Research Systems in the 2nd quarter valued at about $68,587,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in FactSet Research Systems by 123.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock valued at $82,006,000 after buying an additional 208,824 shares during the period. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $326.38 on Wednesday. The business has a fifty day simple moving average of $296.81 and a 200 day simple moving average of $252.63. The company has a market cap of $11.51 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.83 and a beta of 0.69. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $348.00.

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

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, November 30th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, November 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. BMO Capital Markets increased their price target on shares of FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 13th. William Blair upgraded shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 8th. 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, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $278.57.

FactSet Research Systems Company Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.