Illinois Municipal Retirement Fund Cuts Stock Holdings in FactSet Research Systems Inc. $FDS

Illinois Municipal Retirement Fund cut its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 67.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,549 shares of the business services provider’s stock after selling 11,755 shares during the period. Illinois Municipal Retirement Fund’s holdings in FactSet Research Systems were worth $1,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Corp acquired a new position in FactSet Research Systems in the third quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in FactSet Research Systems during the third quarter worth about $28,000. Covestor Ltd raised its holdings in shares of FactSet Research Systems by 53.4% in the 3rd quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock worth $33,000 after purchasing an additional 39 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of FactSet Research Systems by 178.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 89 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FDS shares. Stifel Nicolaus decreased their target price on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating for the company in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Monday, December 29th. Wolfe Research reissued an “underperform” rating and issued a $290.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 14th. BMO Capital Markets cut their target price on shares of FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. Finally, Zacks Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $298.54.

Insider Transactions at FactSet Research Systems

In other news, Director Laurie Siegel sold 2,572 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 1,037 shares in the company, valued at approximately $307,211.25. This represents a 71.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Malcolm Frank sold 2,572 shares of the firm’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 sale, the director directly owned 879 shares of the company’s stock, valued at $259,920.30. The trade was a 74.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $189.86 on Wednesday. The firm has a fifty day simple moving average of $268.33 and a 200-day simple moving average of $297.42. The company has a market capitalization of $7.04 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 1.88 and a beta of 0.73. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $474.79. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $607.62 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 27th will be paid a $1.10 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. FactSet Research Systems’s payout ratio is 27.99%.

FactSet Research Systems declared that its Board of Directors has authorized a stock buyback program on Thursday, December 18th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

FactSet Research Systems 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.