Nicholson Wealth Management Group LLC Grows Holdings in FactSet Research Systems Inc. $FDS

Nicholson Wealth Management Group LLC increased its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,444 shares of the business services provider’s stock after buying an additional 73 shares during the period. Nicholson Wealth Management Group LLC’s holdings in FactSet Research Systems were worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp increased its stake in FactSet Research Systems by 0.5% during the 2nd quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock worth $9,980,000 after buying an additional 114 shares during the period. Vest Financial LLC grew its holdings in FactSet Research Systems by 8.8% during the 2nd quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock worth $56,145,000 after acquiring an additional 10,172 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock worth $368,000 after acquiring an additional 38 shares in the last quarter. PineStone Asset Management Inc. grew its holdings in FactSet Research Systems by 8.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock worth $170,172,000 after acquiring an additional 30,881 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in FactSet Research Systems by 14.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock worth $6,569,000 after acquiring an additional 1,810 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

FDS has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Barclays decreased their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, September 19th. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a report on Friday, September 19th. Finally, Evercore ISI decreased their price objective on shares of FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $356.78.

Insider Activity

In other news, EVP Helen L. Shan acquired 370 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average cost of $275.48 per share, for a total transaction of $101,927.60. Following the transaction, the executive vice president directly owned 9,284 shares in the company, valued at $2,557,556.32. This trade represents a 4.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Mcloughlin acquired 338 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was purchased at an average price of $296.19 per share, for a total transaction of $100,112.22. Following the completion of the transaction, the insider owned 3,446 shares in the company, valued at $1,020,670.74. The trade was a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

FactSet Research Systems Trading Up 3.2%

NYSE FDS opened at $286.81 on Friday. FactSet Research Systems Inc. has a one year low of $272.50 and a one year high of $499.87. The company has a 50-day simple moving average of $333.08 and a 200-day simple moving average of $398.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. The firm has a market capitalization of $10.84 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.05 and a beta of 0.79.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million during the quarter, compared to analyst estimates of $593.32 million. During the same period last year, the firm posted $3.74 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is 28.30%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.