Ieq Capital LLC Takes $17.11 Million Position in FactSet Research Systems Inc. $FDS

Ieq Capital LLC bought a new stake in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 74,386 shares of the business services provider’s stock, valued at approximately $17,115,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC boosted its position in shares of FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after buying an additional 40 shares during the period. BOKF NA grew its position in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after acquiring an additional 102 shares in the last quarter. Navalign LLC bought a new stake in FactSet Research Systems in the fourth quarter worth $32,000. Litman Gregory Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth about $32,000. Finally, Elyxium Wealth LLC bought a new stake in FactSet Research Systems during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 price target on shares of FactSet Research Systems in a research report on Thursday, July 2nd. Weiss Ratings raised shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Barclays boosted their price target on shares of FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Finally, Wolfe Research increased their target price on FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $253.00.

FactSet Research Systems Trading Down 0.3%

NYSE FDS opened at $299.26 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $10.64 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.01 and a beta of 0.70. The stock’s 50-day moving average is $257.01 and its 200-day moving average is $233.44. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $386.52.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is currently 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.