Kingsview Wealth Management LLC Takes Position in FactSet Research Systems Inc. $FDS

Kingsview Wealth Management LLC acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, Holdings Channel.com reports. The fund acquired 21,530 shares of the business services provider’s stock, valued at approximately $4,954,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in FactSet Research Systems by 444,058.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after acquiring an additional 13,854,613 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of FactSet Research Systems during the second quarter worth $966,533,000. BlackRock Inc. acquired a new position in shares of FactSet Research Systems during the second quarter worth $657,658,000. Bank of America Corp DE acquired a new position in shares of FactSet Research Systems during the second quarter worth $176,141,000. Finally, AQR Capital Management LLC lifted its stake in shares of FactSet Research Systems by 4,547.4% in the 4th quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock valued at $204,602,000 after acquiring an additional 689,891 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $309.63 on Friday. 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 Inc. has a twelve month low of $185.00 and a twelve month high of $377.07. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.04 and a beta of 0.70. The company’s fifty day moving average is $264.27 and its 200 day moving average is $236.21.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $0.09. The business had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.FactSet Research Systems’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts forecast that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FDS. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. Royal Bank Of Canada upped 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. Morgan Stanley lifted their price target on FactSet Research Systems from $228.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Barclays boosted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company upped their price objective on FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, FactSet Research Systems presently 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.