Handelsbanken Fonder AB Boosts Stock Holdings in FactSet Research Systems Inc. $FDS

Handelsbanken Fonder AB lifted its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 37.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,251 shares of the business services provider’s stock after purchasing an additional 3,600 shares during the period. Handelsbanken Fonder AB’s holdings in FactSet Research Systems were worth $3,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDS. Huntington National Bank lifted its position in FactSet Research Systems by 10.0% in the second quarter. Huntington National Bank now owns 320 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 29 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after purchasing an additional 30 shares during the period. Claret Asset Management Corp grew its stake in FactSet Research Systems by 7.0% during the 2nd quarter. Claret Asset Management Corp now owns 532 shares of the business services provider’s stock worth $238,000 after buying an additional 35 shares during the last quarter. MAI Capital Management increased its position in FactSet Research Systems by 4.4% during the second quarter. MAI Capital Management now owns 873 shares of the business services provider’s stock worth $390,000 after buying an additional 37 shares during the period. Finally, Miracle Mile Advisors LLC lifted its stake in FactSet Research Systems by 3.3% in the third quarter. Miracle Mile Advisors LLC now owns 1,145 shares of the business services provider’s stock valued at $328,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDS. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $320.00 target price on shares of FactSet Research Systems in a report on Friday, December 19th. Raymond James Financial restated a “market perform” rating on shares of FactSet Research Systems in a research note on Thursday, December 18th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Friday, December 19th. Stifel Nicolaus dropped their price target on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. Finally, Huber Research raised FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $291.62.

Insider Buying and Selling

In related news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $295.70, for a total transaction of $760,540.40. Following the transaction, the director directly owned 879 shares of the company’s stock, valued at approximately $259,920.30. The trade was a 74.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel sold 2,572 shares of FactSet Research Systems stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $296.25, for a total transaction of $761,955.00. Following the sale, the director directly owned 1,037 shares in the company, valued at $307,211.25. This trade represents a 71.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $223.23 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $474.79. The company has a 50-day simple moving average of $251.69 and a 200-day simple moving average of $285.10. The company has a market capitalization of $8.28 billion, a PE ratio of 14.20, a P/E/G ratio of 2.27 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.36 by $0.15. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The company had revenue of $607.62 million during the quarter, compared to analysts’ expectations of $599.69 million. During the same period last year, the company posted $4.37 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.0%. FactSet Research Systems’s payout ratio is presently 27.99%.

FactSet Research Systems announced that its board has authorized a stock repurchase program on Thursday, December 18th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.