285,233 Shares in FactSet Research Systems Inc. $FDS Purchased by Equity Investment Corp

Equity Investment Corp bought a new position in FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 285,233 shares of the business services provider’s stock, valued at approximately $65,626,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Meeder Advisory Services Inc. purchased a new position in FactSet Research Systems during the second quarter valued at approximately $209,000. Citizens Financial Group Inc. RI purchased a new stake in FactSet Research Systems in the 2nd quarter worth approximately $561,000. BlackRock Inc. purchased a new stake in FactSet Research Systems in the 2nd quarter worth approximately $657,658,000. Pallas Capital Advisors LLC bought a new position in FactSet Research Systems in the 2nd quarter valued at $869,000. Finally, Deutsche Bank AG purchased a new position in shares of FactSet Research Systems during the 2nd quarter valued at $43,117,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FDS. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a research report on Thursday, June 18th. The Goldman Sachs Group cut FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $253.00.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $285.34 on Wednesday. The firm has a fifty day simple moving average of $253.61 and a two-hundred day simple moving average of $232.34. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $387.75. The company has a market capitalization of $10.15 billion, a PE ratio of 18.80, a P/E/G ratio of 1.90 and a beta of 0.70.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. The company had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.FactSet Research Systems’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Research analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Announces Dividend

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

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.