4,648 Shares of FactSet Research Systems Inc. $FDS Acquired by Western Financial Corp CA

Western Financial Corp CA bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,648 shares of the business services provider’s stock, valued at approximately $1,255,000.

Other hedge funds have also added to or reduced their stakes in the company. Bamco Inc. NY bought a new stake in shares of FactSet Research Systems during the second quarter valued at about $966,533,000. BlackRock Inc. purchased a new stake in shares of FactSet Research Systems in the second quarter worth about $657,658,000. Bank of America Corp DE bought a new position in shares of FactSet Research Systems in the second quarter valued at approximately $176,141,000. Bank of New York Mellon Corp bought a new position in shares of FactSet Research Systems in the second quarter valued at approximately $68,587,000. Finally, Equity Investment Corp bought a new position in shares of FactSet Research Systems in the second quarter valued at approximately $65,626,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on FDS. Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $210.00 to $250.00 and gave the company an “underweight” rating in a research note on Thursday, October 1st. The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Royal Bank Of Canada raised their price target on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Finally, BMO Capital Markets increased their price objective on FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Price Performance

NYSE:FDS traded down $0.64 during midday trading on Wednesday, hitting $290.18. The company had a trading volume of 604,783 shares, compared to its average volume of 935,148. The stock’s fifty day moving average price is $285.00 and its 200-day moving average price is $253.30. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $320.48. The company has a quick ratio of 0.68, a current ratio of 0.60 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.32 billion, a PE ratio of 19.93, a P/E/G ratio of 1.62 and a beta of 0.77.

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

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were given a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a yield of 1.6%. FactSet Research Systems’s payout ratio is presently 31.87%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.