2,568 Shares of FactSet Research Systems Inc. $FDS Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. purchased a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,568 shares of the business services provider’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDS. Bamco Inc. NY bought a new position in FactSet Research Systems in the 2nd quarter valued at approximately $966,533,000. BlackRock Inc. acquired a new position in FactSet Research Systems in the 2nd quarter valued at approximately $657,658,000. Bank of America Corp DE increased its position in FactSet Research Systems by 33.6% in the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock valued at $182,861,000 after acquiring an additional 212,022 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of FactSet Research Systems by 123.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock valued at $82,006,000 after acquiring an additional 208,824 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of FactSet Research Systems during the second quarter valued at $68,587,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Up 2.5%

Shares of FDS stock opened at $328.07 on Friday. FactSet Research Systems Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $339.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day simple moving average of $292.48 and a two-hundred day simple moving average of $251.01. The company has a market cap of $11.57 billion, a P/E ratio of 22.53, a PEG ratio of 1.79 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.17. The firm had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Research analysts forecast that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.4%. FactSet Research Systems’s dividend payout ratio is currently 31.87%.

Analysts Set New Price Targets

FDS has been the topic of several analyst reports. Barclays boosted their price objective on shares of FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 8th. Stifel Nicolaus raised their target price on FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research report on Thursday, October 1st. Morgan Stanley lifted their target price on FactSet Research Systems from $230.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. William Blair raised FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 8th. Finally, BMO Capital Markets upped their price target on FactSet Research Systems from $300.00 to $314.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $271.79.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.