Northwestern Mutual Wealth Management Co. Purchases Shares of 2,960 FactSet Research Systems Inc. $FDS

Northwestern Mutual Wealth Management Co. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,960 shares of the business services provider’s stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also modified their holdings of FDS. Bamco Inc. NY grew its position in FactSet Research Systems by 58.8% during the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after acquiring an additional 1,069,786 shares during the last quarter. BlackRock Inc. bought a new position in FactSet Research Systems in the 2nd quarter valued at $657,658,000. State Street Corp raised its position in FactSet Research Systems by 1.2% in the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock valued at $561,873,000 after purchasing an additional 23,660 shares during the last quarter. Bank of America Corp DE boosted its stake in FactSet Research Systems by 33.6% in the first quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after purchasing an additional 212,022 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in FactSet Research Systems by 16.2% in the third quarter. Invesco Ltd. now owns 793,832 shares of the business services provider’s stock worth $227,425,000 after purchasing an additional 110,686 shares in the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the subject of a number of research reports. The Goldman Sachs Group lowered FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a report on Thursday, July 2nd. Barclays raised their price objective 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, Morgan Stanley upped their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Reduce” and an average target price of $253.00.

FactSet Research Systems Trading Down 0.4%

Shares of FDS opened at $295.02 on Thursday. The stock’s fifty day simple moving average is $260.88 and its 200-day simple moving average is $235.01. The firm has a market capitalization of $10.49 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.99 and a beta of 0.70. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $384.33. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, topping 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 firm had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. During the same period last 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 earnings per share 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 paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s payout ratio is 30.57%.

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.