Cibc World Market Inc. Makes New Investment in FactSet Research Systems Inc. $FDS

Cibc World Market Inc. bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,635 shares of the business services provider’s stock, valued at approximately $2,447,000.

A number of other hedge funds have also made changes to their positions in the company. BOKF NA raised its stake in shares of FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after buying an additional 102 shares during the last quarter. Navalign LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $32,000. Litman Gregory Wealth Management LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $32,000. Elyxium Wealth LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. increased its holdings in FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.4%

FDS stock opened at $295.02 on Thursday. The company has a 50 day moving average price of $260.88 and a two-hundred day moving average price of $235.01. 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 stock has a market capitalization of $10.49 billion, a P/E ratio of 19.43, a PEG ratio of 1.99 and a beta of 0.70. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $384.33.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. During the same quarter in the prior year, the company posted $4.27 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio is presently 30.57%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wolfe Research lifted their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets increased their price target on shares of 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. Weiss Ratings raised shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 13th. Rothschild & Co Redburn downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a research report on Thursday, June 18th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 target price on shares of FactSet Research Systems in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus target price 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.