Ritholtz Wealth Management Buys New Position in FactSet Research Systems Inc. $FDS

Ritholtz Wealth Management bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, Holdings Channel.com reports. The fund bought 627 shares of the business services provider’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp raised its stake in FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 84 shares during the last quarter. WPG Advisers LLC bought a new position in FactSet Research Systems during the first quarter valued at approximately $41,000. Bank of Jackson Hole Trust grew its position in FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 1.4%

Shares of FactSet Research Systems stock opened at $294.36 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. FactSet Research Systems Inc. has a 52-week low of $272.50 and a 52-week high of $499.87. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.15 and a beta of 0.79. The company’s 50 day moving average price is $329.82 and its 200-day moving average price is $396.34.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. During the same period in the previous year, the business earned $3.74 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 28.30%.

Analysts Set New Price Targets

A number of brokerages have commented on FDS. Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. Rothschild Redb upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, September 12th. Evercore ISI reduced their price target on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating on the stock in a research report on Friday, September 19th. UBS Group upgraded shares of FactSet Research Systems from a “neutral” rating to a “buy” rating and cut their target price for the stock from $480.00 to $425.00 in a report on Monday, September 22nd. Finally, Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $356.78.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Helen L. Shan purchased 370 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was bought at an average price of $275.48 per share, with a total value of $101,927.60. Following the completion of the purchase, the executive vice president directly owned 9,284 shares of the company’s stock, valued at $2,557,556.32. The trade was a 4.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher Mcloughlin purchased 338 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was acquired at an average cost of $296.19 per share, with a total value of $100,112.22. Following the purchase, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

FactSet Research Systems Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.