State of Michigan Retirement System Purchases 205,288 Shares of FactSet Research Systems Inc. $FDS

State of Michigan Retirement System grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 523.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,523 shares of the business services provider’s stock after acquiring an additional 205,288 shares during the quarter. State of Michigan Retirement System’s holdings in FactSet Research Systems were worth $53,059,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cromwell Holdings LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter worth $26,000. WPG Advisers LLC boosted its holdings in 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 purchasing an additional 40 shares during the last quarter. Field & Main Bank bought a new position in FactSet Research Systems in the fourth quarter valued at $29,000. BOKF NA grew its position in FactSet Research Systems by 5,100.0% in the third 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 acquired a new stake in FactSet Research Systems in the 4th quarter valued at $32,000. 91.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Wednesday, June 24th. Jefferies Financial Group upped their target price on FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $240.00 price target on shares of FactSet Research Systems in a research report on Thursday, July 2nd. Finally, The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus target price of $253.00.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $263.20 on Tuesday. The stock has a market cap of $9.36 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day moving average price of $234.22 and a two-hundred day moving average price of $235.88. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $453.41.

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

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis 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 of this dividend was Friday, May 29th. FactSet Research Systems’s dividend payout ratio (DPR) 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.