Heron Bay Capital Management Purchases 19,072 Shares of FactSet Research Systems Inc. $FDS

Heron Bay Capital Management grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 52.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,359 shares of the business services provider’s stock after acquiring an additional 19,072 shares during the period. FactSet Research Systems comprises 3.0% of Heron Bay Capital Management’s portfolio, making the stock its 11th largest position. Heron Bay Capital Management’s holdings in FactSet Research Systems were worth $15,860,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FDS. First Horizon Corp bought a new stake in shares of FactSet Research Systems in the 3rd quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $28,000. Covestor Ltd raised its stake in FactSet Research Systems by 53.4% in the third quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock worth $33,000 after buying an additional 39 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in FactSet Research Systems by 178.0% during 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 acquiring an additional 89 shares in the last quarter. Finally, Generali Investments Management Co LLC bought a new position in shares of FactSet Research Systems in the 2nd quarter worth approximately $42,000. 91.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other FactSet Research Systems news, Director Laurie Siegel sold 2,572 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the sale, the director directly owned 1,037 shares in the company, valued at approximately $307,211.25. The trade was a 71.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Malcolm Frank sold 2,572 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the transaction, the director owned 879 shares in the company, valued at approximately $259,920.30. This trade represents a 74.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FDS shares. Barclays decreased their price objective on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating for the company in a report on Monday, February 23rd. Wolfe Research reissued an “underperform” rating and set a $290.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $320.00 price objective on shares of FactSet Research Systems in a report on Friday, December 19th. Bank of America started coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 target price for the company. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $305.00 price target on shares of FactSet Research Systems in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $291.62.

FactSet Research Systems Stock Down 0.2%

FDS stock opened at $224.84 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The stock has a market capitalization of $8.34 billion, a P/E ratio of 14.30, a P/E/G ratio of 2.33 and a beta of 0.75. The business has a fifty day moving average price of $249.09 and a 200-day moving average price of $284.26.

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

FactSet Research Systems announced that its Board of Directors has initiated a stock repurchase plan on Thursday, December 18th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the business services provider to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

FactSet Research Systems Announces Dividend

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

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.