Marks Group Wealth Management Inc Buys 7,626 Shares of FactSet Research Systems Inc. $FDS

Marks Group Wealth Management Inc increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 46.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,924 shares of the business services provider’s stock after buying an additional 7,626 shares during the period. Marks Group Wealth Management Inc’s holdings in FactSet Research Systems were worth $5,191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its holdings in shares of FactSet Research Systems by 1.0% during the first quarter. Sanctuary Advisors LLC now owns 13,002 shares of the business services provider’s stock valued at $2,821,000 after acquiring an additional 126 shares in the last quarter. Mattern Capital Management LLC boosted its stake in FactSet Research Systems by 53.7% in the 1st quarter. Mattern Capital Management LLC now owns 46,708 shares of the business services provider’s stock worth $10,135,000 after purchasing an additional 16,317 shares in the last quarter. Mcdonald Capital Investors Inc. CA grew its position in FactSet Research Systems by 1.3% during the 1st quarter. Mcdonald Capital Investors Inc. CA now owns 188,141 shares of the business services provider’s stock valued at $40,825,000 after purchasing an additional 2,397 shares during the last quarter. State of Michigan Retirement System grew its position in FactSet Research Systems by 523.2% during the 1st quarter. State of Michigan Retirement System now owns 244,523 shares of the business services provider’s stock valued at $53,059,000 after purchasing an additional 205,288 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in FactSet Research Systems by 5.0% during the 1st quarter. Principal Financial Group Inc. now owns 45,209 shares of the business services provider’s stock valued at $9,810,000 after purchasing an additional 2,137 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a report on Thursday, July 2nd. Jefferies Financial Group increased their price target on shares of FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings raised shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus price target of $253.00.

FactSet Research Systems Price Performance

FDS opened at $251.80 on Thursday. The company’s 50-day simple moving average is $235.68 and its two-hundred day simple moving average is $235.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $8.96 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.70 and a beta of 0.72. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $439.11.

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

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were given a $1.16 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 1.8%. FactSet Research Systems’s payout ratio is presently 30.57%.

About FactSet Research Systems

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.