Tredje AP fonden Buys 5,735 Shares of FactSet Research Systems Inc. $FDS

Tredje AP fonden grew its stake in FactSet Research Systems Inc. (NYSE:FDS) by 191.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,729 shares of the business services provider’s stock after purchasing an additional 5,735 shares during the period. Tredje AP fonden’s holdings in FactSet Research Systems were worth $3,904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FDS. Truist Financial Corp lifted its holdings in FactSet Research Systems by 0.5% during the 2nd quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock valued at $9,980,000 after buying an additional 114 shares in the last quarter. Vest Financial LLC raised its stake in shares of FactSet Research Systems by 8.8% during the second quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock valued at $56,145,000 after acquiring an additional 10,172 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of FactSet Research Systems by 4.9% during the first quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 38 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of FactSet Research Systems by 8.8% during the second quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock valued at $170,172,000 after acquiring an additional 30,881 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of FactSet Research Systems by 14.1% during the second quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock valued at $6,569,000 after acquiring an additional 1,810 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Down 0.7%

NYSE FDS opened at $267.02 on Monday. The company has a 50 day moving average price of $314.47 and a 200 day moving average price of $388.15. The firm has a market cap of $9.99 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.73 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 52 week low of $265.11 and a 52 week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (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 for the quarter, compared to analyst estimates of $593.32 million. During the same period in the previous year, the company posted $3.74 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio is 28.30%.

Insider Activity

In related news, insider Christopher Mcloughlin purchased 338 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were acquired at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the purchase, the insider owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This trade represents a 10.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Helen L. Shan purchased 370 shares of the business’s stock in a transaction on Monday, October 6th. The shares were bought at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the purchase, the executive vice president directly owned 9,284 shares in the company, valued at $2,557,556.32. This represents a 4.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FDS. UBS Group raised FactSet Research Systems from a “neutral” rating to a “buy” rating and decreased their target price for the company from $480.00 to $425.00 in a research report on Monday, September 22nd. Wells Fargo & Company decreased their price objective on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Barclays decreased their price objective on FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of FactSet Research Systems in a report on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their price target on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $356.78.

About FactSet Research Systems

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.