Hsbc Holdings PLC Buys 20,996 Shares of FactSet Research Systems Inc. $FDS

Hsbc Holdings PLC increased its stake in FactSet Research Systems Inc. (NYSE:FDS) by 30.5% in the first quarter, Holdings Channel.com reports. The firm owned 89,781 shares of the business services provider’s stock after purchasing an additional 20,996 shares during the quarter. Hsbc Holdings PLC’s holdings in FactSet Research Systems were worth $19,311,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $26,000. WPG Advisers LLC boosted its position in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after buying an additional 40 shares during the period. Field & Main Bank bought a new position in shares of FactSet Research Systems during the fourth quarter worth about $29,000. BOKF NA grew its holdings in shares of FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after buying an additional 102 shares in the last quarter. Finally, Navalign LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at approximately $32,000. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group cut their target price on FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Bank of America raised their price target on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, July 2nd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd. Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group cut shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. One research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $253.00.

FactSet Research Systems Price Performance

NYSE:FDS opened at $246.87 on Wednesday. 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’s 50-day simple moving average is $238.49 and its 200 day simple moving average is $234.34. The company has a market cap of $8.78 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.72 and a beta of 0.72. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $427.00.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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 earnings per share. FactSet Research Systems’s revenue 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, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.75 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is currently 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.