Freestone Grove Partners LP Purchases Shares of 9,470 FactSet Research Systems Inc. $FDS

Freestone Grove Partners LP purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 9,470 shares of the business services provider’s stock, valued at approximately $2,179,000.

A number of other large investors have also recently modified their holdings of FDS. Regents of The University of California increased its holdings in FactSet Research Systems by 118.2% during 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 purchasing an additional 122,611 shares in the last quarter. Investment House LLC lifted its position in FactSet Research Systems by 311.5% during the 4th quarter. Investment House LLC now owns 42,393 shares of the business services provider’s stock worth $12,302,000 after buying an additional 32,092 shares in the last quarter. Hendley & Co. Inc. bought a new stake in FactSet Research Systems during the 4th quarter worth about $2,162,000. Deane Retirement Strategies Inc. acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $3,760,000. Finally, Kinsale Capital Group Inc. bought a new position in shares of FactSet Research Systems in the fourth quarter worth about $5,151,000. Institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FDS. Wells Fargo & Company increased their price objective on FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada upped 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 research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and an average target price of $257.57.

FactSet Research Systems Trading Up 1.7%

Shares of NYSE FDS opened at $309.63 on Friday. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $377.07. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.04 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $264.27 and its 200-day moving average is $236.21.

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

FactSet Research Systems Announces Dividend

The business also recently declared 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. This represents a $4.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio is 30.57%.

FactSet Research Systems Company Profile

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.