Legal & General Group Plc Purchases Shares of 65,071 FactSet Research Systems Inc. $FDS

Legal & General Group Plc purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, Holdings Channel reports. The firm purchased 65,071 shares of the business services provider’s stock, valued at approximately $14,972,000.

Several other large investors have also recently modified their holdings of FDS. Jones Financial Companies Lllp grew its holdings in FactSet Research Systems by 5.6% in the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of FactSet Research Systems by 27.6% during the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 210 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 58.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in FactSet Research Systems by 15.6% during the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after buying an additional 707 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

Shares of FDS opened at $309.63 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50-day moving average of $264.27 and a two-hundred day moving average of $236.44. The stock has a market cap of $11.01 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.70. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $377.07.

FactSet Research Systems (NYSE:FDS) last announced 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. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. During the same period in the prior year, the company earned $4.27 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts predict that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio is 30.57%.

Analyst Ratings Changes

FDS has been the topic of several recent analyst reports. Weiss Ratings raised FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Barclays boosted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Jefferies Financial Group increased their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Bank of America lifted their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $257.57.

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.