Kingsview Wealth Management LLC Purchases New Holdings in FactSet Research Systems Inc. $FDS

Kingsview Wealth Management LLC acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,530 shares of the business services provider’s stock, valued at approximately $4,954,000. Kingsview Wealth Management LLC owned approximately 0.06% of FactSet Research Systems at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDS. Regents of The University of California grew its holdings in shares of FactSet Research Systems by 118.2% in the 1st quarter. Regents of The University of California now owns 226,375 shares of the business services provider’s stock valued at $49,121,000 after acquiring an additional 122,611 shares in the last quarter. Investment House LLC raised its holdings in FactSet Research Systems by 311.5% during the fourth quarter. Investment House LLC now owns 42,393 shares of the business services provider’s stock worth $12,302,000 after acquiring an additional 32,092 shares in the last quarter. Hendley & Co. Inc. acquired a new position in FactSet Research Systems during the fourth quarter valued at approximately $2,162,000. Deane Retirement Strategies Inc. acquired a new position in FactSet Research Systems during the second quarter valued at approximately $3,760,000. Finally, Kinsale Capital Group Inc. bought a new position in FactSet Research Systems in the fourth quarter valued at approximately $5,151,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $309.63 on Friday. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.04 and a beta of 0.70. 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 50-day simple moving average of $264.27 and a 200 day simple moving average of $236.21. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $377.07.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. The business 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, sell-side analysts predict that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.57%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FDS. Morgan Stanley upped 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. Deutsche Bank Aktiengesellschaft lifted their price target on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Wolfe Research upped their price objective on FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a research note on Wednesday, July 1st. Finally, BMO Capital Markets raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $257.57.

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.