FactSet Research Systems Inc. $FDS Shares Newly Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,568 shares of the business services provider’s stock, valued at approximately $693,000.

A number of other institutional investors have also added to or reduced their stakes in FDS. VestGen Advisors LLC increased its holdings in shares of FactSet Research Systems by 9.0% during the third quarter. VestGen Advisors LLC now owns 1,832 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 152 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of FactSet Research Systems by 14.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,104 shares of the business services provider’s stock worth $568,000 after purchasing an additional 264 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of FactSet Research Systems in the 3rd quarter worth $266,000. Apollon Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 5.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,671 shares of the business services provider’s stock worth $721,000 after purchasing an additional 128 shares in the last quarter. Finally, Signaturefd LLC grew its position in FactSet Research Systems by 18.0% in the 3rd quarter. Signaturefd LLC now owns 1,193 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 182 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. William Blair upgraded shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 8th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $300.00 to $314.00 and gave the company a “market perform” rating in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $271.79.

FactSet Research Systems Stock Up 2.5%

FDS stock opened at $328.07 on Friday. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $339.83. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $292.48 and its 200-day moving average is $251.01. The firm has a market capitalization of $11.57 billion, a PE ratio of 22.53, a P/E/G ratio of 1.79 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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 posted $4.05 earnings per share. FactSet Research Systems’s revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 19.63 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 31st. FactSet Research Systems’s payout ratio is currently 31.87%.

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.