Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 14.0% during the 3rd quarter, Holdings Channel reports. The fund owned 72,832 shares of the business services provider’s stock after selling 11,829 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in FactSet Research Systems were worth $20,866,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FDS. Truist Financial Corp boosted its position in FactSet Research Systems by 0.5% during the 2nd quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock valued at $9,980,000 after acquiring an additional 114 shares in the last quarter. Vest Financial LLC lifted its stake in shares of FactSet Research Systems by 8.8% during the 2nd quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock worth $56,145,000 after purchasing an additional 10,172 shares during the last quarter. PineStone Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 8.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock worth $170,172,000 after purchasing an additional 30,881 shares during the last quarter. State of Alaska Department of Revenue boosted its position in FactSet Research Systems by 14.1% during the second quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock valued at $6,569,000 after purchasing an additional 1,810 shares in the last quarter. Finally, J. W. Coons Advisors LLC grew its stake in FactSet Research Systems by 139.8% in the second quarter. J. W. Coons Advisors LLC now owns 3,465 shares of the business services provider’s stock valued at $1,550,000 after purchasing an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.
Insider Activity at FactSet Research Systems
In other FactSet Research Systems news, Director Malcolm Frank sold 2,572 shares of FactSet Research Systems stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $295.70, for a total transaction of $760,540.40. Following the completion of the sale, the director directly owned 879 shares in the company, valued at approximately $259,920.30. The trade was a 74.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Goran Skoko acquired 500 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of $252.93 per share, for a total transaction of $126,465.00. Following the completion of the acquisition, the executive vice president directly owned 9,192 shares in the company, valued at approximately $2,324,932.56. The trade was a 5.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is owned by insiders.
FactSet Research Systems Trading Up 1.6%
FactSet Research Systems (NYSE:FDS – Get Free Report) last released its earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The firm had revenue of $607.62 million for the quarter, compared to the consensus estimate of $599.69 million. During the same period in the prior year, the firm earned $4.37 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.
FactSet Research Systems announced that its board has approved a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
FactSet Research Systems Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 28th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is 27.99%.
Analyst Upgrades and Downgrades
Several analysts have commented on FDS shares. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research report on Friday, December 19th. Zacks Research raised shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Evercore ISI raised their target price on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a research note on Thursday, January 8th. Stifel Nicolaus cut their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $305.00 price objective on shares of FactSet Research Systems in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $313.00.
FactSet Research Systems 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.
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