Connor Clark & Lunn Investment Management Ltd. Takes Position in FactSet Research Systems Inc. $FDS

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 198,297 shares of the business services provider’s stock, valued at approximately $45,624,000.

Several other hedge funds have also recently bought and sold shares of FDS. BOKF NA grew its position in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. Navalign LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $32,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth about $32,000. Elyxium Wealth LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.7%

Shares of FactSet Research Systems stock opened at $305.07 on Tuesday. 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 company has a market capitalization of $10.85 billion, a P/E ratio of 20.10, a PEG ratio of 2.01 and a beta of 0.70. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $386.52. The company’s fifty day moving average is $258.40 and its two-hundred day moving average is $233.91.

FactSet Research Systems (NYSE:FDS) last announced its earnings results 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 business had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Analysts forecast that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is presently 30.57%.

Wall Street Analyst Weigh In

Several research firms have issued reports on FDS. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Jefferies Financial Group boosted their target price on FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. BMO Capital Markets upped their target price on FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $240.00 price target on shares of FactSet Research Systems in a research note on Thursday, July 2nd. Finally, Bank of America lifted their price target on FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and an average price target of $253.00.

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.