Cardinal Capital Management Makes New Investment in FactSet Research Systems Inc. $FDS

Cardinal Capital Management purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,105 shares of the business services provider’s stock, valued at approximately $1,648,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Concurrent Investment Advisors LLC increased its holdings in FactSet Research Systems by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 36 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in FactSet Research Systems by 31.2% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after buying an additional 43 shares during the period. Empirical Finance LLC lifted its stake in FactSet Research Systems by 4.7% in the second quarter. Empirical Finance LLC now owns 1,004 shares of the business services provider’s stock valued at $231,000 after buying an additional 45 shares during the period. Midway Capital Research & Management lifted its stake in FactSet Research Systems by 3.4% in the third quarter. Midway Capital Research & Management now owns 1,366 shares of the business services provider’s stock valued at $369,000 after buying an additional 45 shares during the period. Finally, Lafayette Investments Inc. boosted its holdings in FactSet Research Systems by 1.1% during the first quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock worth $982,000 after buying an additional 49 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

FDS stock opened at $320.02 on Thursday. The stock has a 50-day moving average price of $287.92 and a two-hundred day moving average price of $257.26. The stock has a market cap of $11.38 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a 1 year low of $185.00 and a 1 year high of $320.70.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. The company had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Equities analysts forecast that FactSet Research Systems Inc. will post 19.63 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were given a $1.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a yield of 1.4%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.87%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on FactSet Research Systems from $230.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FactSet Research Systems in a research report on Friday, October 9th. Bank of America increased their price target on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. Finally, Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $210.00 to $250.00 and gave the company an “underweight” rating in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Reduce” and a consensus target price of $271.79.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.