Nicholas Hoffman & Company LLC. Invests $683,000 in FactSet Research Systems Inc. $FDS

Nicholas Hoffman & Company LLC. acquired a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the first quarter, HoldingsChannel.com reports. The firm acquired 3,148 shares of the business services provider’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cromwell Holdings LLC purchased a new position in FactSet Research Systems in the 4th quarter worth approximately $26,000. WPG Advisers LLC boosted its stake in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 40 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the last quarter. Field & Main Bank bought a new stake in shares of FactSet Research Systems in the 4th quarter worth $29,000. Finally, BOKF NA increased its holdings in shares of FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Wall Street Analysts Forecast Growth

FDS has been the topic of several research analyst reports. Barclays upped their target price on shares of FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday. Rothschild & Co Redburn cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price objective for the company. in a report on Thursday, June 18th. Wolfe Research increased their price objective on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. UBS Group dropped their target price on shares of FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $253.00.

FactSet Research Systems Stock Down 4.0%

NYSE FDS opened at $248.05 on Thursday. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $453.41. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a market cap of $8.82 billion, a PE ratio of 16.34, a P/E/G ratio of 1.73 and a beta of 0.72. The stock’s 50 day moving average is $232.96 and its 200 day moving average is $236.71.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Research analysts predict that FactSet Research Systems Inc. will post 17.75 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a yield of 1.9%. FactSet Research Systems’s payout ratio is presently 30.57%.

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.