Sumitomo Mitsui Trust Group Inc. Cuts Position in FactSet Research Systems Inc. $FDS

Sumitomo Mitsui Trust Group Inc. decreased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 30.3% in the 1st quarter, Holdings Channel reports. The firm owned 19,794 shares of the business services provider’s stock after selling 8,607 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in FactSet Research Systems were worth $4,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at approximately $26,000. WPG Advisers LLC grew its holdings in shares of FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after acquiring an additional 40 shares during the period. Field & Main Bank purchased a new position in FactSet Research Systems in the 4th quarter valued at approximately $29,000. BOKF NA increased its stake in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Finally, Navalign LLC purchased a new position in FactSet Research Systems in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 4.0%

Shares of NYSE FDS opened at $252.53 on Wednesday. The firm has a market cap of $8.98 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $441.42. The firm’s 50 day moving average price is $234.88 and its 200 day moving average price is $235.61.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. During the same quarter in the prior year, the company posted $4.27 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.75 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.8%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.57%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wolfe Research boosted their target price on FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. Barclays lifted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $240.00 price objective on shares of FactSet Research Systems in a research note on Thursday, July 2nd. Finally, UBS Group dropped their target price on shares of FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $253.00.

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.