6,105 Shares in FactSet Research Systems Inc. $FDS Bought by Cardinal Capital Management

Cardinal Capital Management acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,105 shares of the business services provider’s stock, valued at approximately $1,648,000.

A number of other institutional investors have also added to or reduced their stakes in FDS. USA Financial Formulas bought a new stake in FactSet Research Systems during the third quarter worth $38,000. Parkside Financial Bank & Trust lifted its stake in FactSet Research Systems by 31.2% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 43 shares during the last quarter. State of Wyoming bought a new position in shares of FactSet Research Systems in the 1st quarter valued at about $51,000. CX Institutional grew its position in shares of FactSet Research Systems by 75.7% in the 2nd quarter. CX Institutional now owns 239 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 103 shares during the period. Finally, Danske Bank A S bought a new position in shares of FactSet Research Systems in the 2nd quarter valued at about $64,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on FDS shares. Jefferies Financial Group boosted their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research note on Thursday, October 1st. William Blair upgraded FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FactSet Research Systems in a report on Friday, October 9th. Finally, Morgan Stanley boosted their price target on FactSet Research Systems from $230.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned 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 $271.79.

FactSet Research Systems Stock Up 2.5%

FDS opened at $320.02 on Thursday. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $320.70. The stock’s fifty day simple moving average is $287.92 and its 200 day simple moving average is $257.26. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a market cap of $11.38 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The business had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. During the same quarter last year, the firm posted $4.05 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, research analysts expect that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

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

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.