Csenge Advisory Group Makes New Investment in FactSet Research Systems Inc. $FDS

Csenge Advisory Group acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,111 shares of the business services provider’s stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDS. D Orazio & Associates Inc. acquired a new position in FactSet Research Systems during the 3rd quarter valued at about $213,000. New York Life Investment Management LLC raised its stake in shares of FactSet Research Systems by 3.1% in the third quarter. New York Life Investment Management LLC now owns 9,938 shares of the business services provider’s stock worth $2,683,000 after purchasing an additional 295 shares during the last quarter. Gryphon Financial Partners LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth approximately $208,000. AlphaCore Capital LLC lifted its holdings in shares of FactSet Research Systems by 11.9% in the third quarter. AlphaCore Capital LLC now owns 2,585 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 275 shares in the last quarter. Finally, Running Oak Capital LLC lifted its holdings in shares of FactSet Research Systems by 4.9% in the third quarter. Running Oak Capital LLC now owns 46,082 shares of the business services provider’s stock valued at $12,440,000 after purchasing an additional 2,153 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $333.10 on Friday. The business’s fifty day simple moving average is $298.31 and its 200 day simple moving average is $253.42. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $348.00. The firm has a market capitalization of $11.75 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The firm had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. During the same quarter in the prior year, the company earned $4.05 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, analysts anticipate that FactSet Research Systems Inc. will post 19.52 EPS for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, November 30th will be given a dividend of $1.16 per share. The ex-dividend date is Monday, November 30th. This represents a $4.64 annualized dividend and a yield of 1.4%. FactSet Research Systems’s dividend payout ratio is presently 31.87%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FDS shares. Deutsche Bank lifted their target price on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, September 11th. UBS Group raised their price objective on FactSet Research Systems from $340.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada increased their target price on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $284.93.

FactSet Research Systems Company Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.