Kestra Private Wealth Services LLC Acquires 2,751 Shares of FactSet Research Systems Inc. $FDS

Kestra Private Wealth Services LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 3rd quarter, Holdings Channel.com reports. The firm bought 2,751 shares of the business services provider’s stock, valued at approximately $743,000.

Other hedge funds have also recently bought and sold shares of the company. Boston Trust Walden Corp boosted its position in shares of FactSet Research Systems by 27.1% during the 3rd quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock valued at $83,213,000 after purchasing an additional 65,803 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of FactSet Research Systems by 3.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,582 shares of the business services provider’s stock valued at $1,518,000 after acquiring an additional 146 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $54,000. Eads & Heald Wealth Management boosted its stake in shares of FactSet Research Systems by 5.3% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,310 shares of the business services provider’s stock worth $624,000 after acquiring an additional 116 shares in the last quarter. Finally, Hiddenite Capital Partners LP boosted its stake in shares of FactSet Research Systems by 1.9% during the 3rd quarter. Hiddenite Capital Partners LP now owns 54,000 shares of the business services provider’s stock worth $14,577,000 after acquiring an additional 1,000 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FDS shares. Royal Bank Of Canada lifted their target price on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a report on Thursday, August 27th. Barclays increased their price target on FactSet Research Systems from $250.00 to $305.00 and gave the company an “underweight” rating in a research report on Friday. William Blair raised FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 8th. BMO Capital Markets boosted their price objective on FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a report on Tuesday, October 13th. Finally, Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Thursday. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $278.57.

FactSet Research Systems Trading Down 3.6%

NYSE FDS traded down $12.39 on Friday, hitting $328.08. 597,647 shares of the stock were exchanged, compared to its average volume of 693,315. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $348.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.93 and a beta of 0.69. The company’s 50-day moving average price is $296.23 and its two-hundred day moving average price is $252.23.

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

FactSet Research Systems Announces Dividend

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

FactSet Research Systems Company Profile

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.