Ninety One UK Ltd Sells 40,738 Shares of FactSet Research Systems Inc. $FDS

Ninety One UK Ltd trimmed its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,148,502 shares of the business services provider’s stock after selling 40,738 shares during the period. Ninety One UK Ltd owned about 3.23% of FactSet Research Systems worth $310,038,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FDS. Parkside Financial Bank & Trust raised its stake in shares of FactSet Research Systems by 31.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 43 shares during the period. State of Wyoming acquired a new position in shares of FactSet Research Systems during the 1st quarter valued at $51,000. CX Institutional lifted its holdings in shares of FactSet Research Systems by 75.7% during the 2nd quarter. CX Institutional now owns 239 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 103 shares in the last quarter. Danske Bank A S purchased a new stake in FactSet Research Systems during the 2nd quarter worth $64,000. Finally, GK Wealth Management LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth $77,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 4.8%

Shares of NYSE FDS traded up $14.04 during trading on Thursday, reaching $303.78. 314,060 shares of the stock were exchanged, compared to its average volume of 931,931. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.63 and a beta of 0.77. The business’s 50-day moving average price is $285.24 and its 200 day moving average price is $253.97. The company has a quick ratio of 0.68, a current ratio of 0.60 and a debt-to-equity ratio of 0.43. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $320.48.

FactSet Research Systems (NYSE:FDS) last released 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. The firm had revenue of $634.70 million for the quarter, compared to the consensus estimate of $629.83 million. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 19.63 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 31.87%.

Analyst Ratings Changes

Several brokerages recently issued reports on FDS. Stifel Nicolaus increased their price target on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a report on Thursday, October 1st. BMO Capital Markets boosted their price objective on FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a research note on Tuesday. Royal Bank Of Canada boosted their price objective on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 27th. Rothschild & Co Redburn lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Profile

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.