Ninety One UK Ltd Sells 40,738 Shares of FactSet Research Systems Inc. $FDS

Ninety One UK Ltd cut its stake in FactSet Research Systems Inc. (NYSE:FDS) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,148,502 shares of the business services provider’s stock after selling 40,738 shares during the period. Ninety One UK Ltd’s holdings in FactSet Research Systems were worth $310,038,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in shares of FactSet Research Systems by 31.2% during the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock worth $42,000 after purchasing an additional 43 shares during the last quarter. State of Wyoming acquired a new stake in FactSet Research Systems during the first quarter valued at approximately $51,000. CX Institutional raised its stake in FactSet Research Systems by 75.7% during the second quarter. CX Institutional now owns 239 shares of the business services provider’s stock valued at $55,000 after buying an additional 103 shares in the last quarter. Danske Bank A S bought a new position in FactSet Research Systems during the 2nd quarter worth approximately $64,000. Finally, GK Wealth Management LLC bought a new position in FactSet Research Systems during the 3rd quarter worth approximately $77,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FDS shares. William Blair upgraded FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 8th. Stifel Nicolaus upped their price target on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research report on Thursday, October 1st. Bank of America raised their price objective on FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada raised their price objective on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 27th. Finally, Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $14.04 during trading on Thursday, reaching $303.78. 314,060 shares of the company’s stock traded hands, compared to its average volume of 931,931. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.68. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $320.48. The company has a 50 day moving average of $285.24 and a 200-day moving average of $253.97. The stock has a market capitalization of $10.80 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.63 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its earnings results 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 net margin of 21.54% and a return on equity of 31.66%. The firm had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. During the same quarter last year, the company posted $4.05 earnings per share. FactSet Research Systems’s revenue was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post 19.63 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio is presently 31.87%.

About FactSet Research Systems

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.