FactSet Research Systems Inc. $FDS Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. trimmed its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 49.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,234 shares of the business services provider’s stock after selling 2,210 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in FactSet Research Systems were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ORG Partners LLC raised its stake in shares of FactSet Research Systems by 13.9% during the 2nd quarter. ORG Partners LLC now owns 205 shares of the business services provider’s stock worth $93,000 after buying an additional 25 shares during the last quarter. Valmark Advisers Inc. raised its position in FactSet Research Systems by 1.3% during the second quarter. Valmark Advisers Inc. now owns 1,970 shares of the business services provider’s stock worth $881,000 after acquiring an additional 26 shares during the last quarter. Huntington National Bank raised its position in FactSet Research Systems by 10.0% during the second quarter. Huntington National Bank now owns 320 shares of the business services provider’s stock worth $143,000 after acquiring an additional 29 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock valued at $3,071,000 after purchasing an additional 30 shares in the last quarter. Finally, ICW Investment Advisors LLC grew its position in shares of FactSet Research Systems by 0.7% in the first quarter. ICW Investment Advisors LLC now owns 4,666 shares of the business services provider’s stock valued at $2,122,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FDS shares. Raymond James Financial restated a “market perform” rating on shares of FactSet Research Systems in a research report on Thursday, December 18th. Evercore ISI cut their price target on 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. Stifel Nicolaus decreased their price objective on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a research note on Friday, December 19th. Wells Fargo & Company dropped their price objective on FactSet Research Systems from $296.00 to $260.00 and set an “underweight” rating for the company in a research report on Friday, December 5th. Finally, Morgan Stanley set a $307.00 target price on shares of FactSet Research Systems and gave the company an “equal weight” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $313.17.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $292.09 on Friday. The company has a market cap of $10.93 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.67 and a beta of 0.75. The business has a fifty day simple moving average of $279.73 and a 200-day simple moving average of $342.33. FactSet Research Systems Inc. has a 52 week low of $250.50 and a 52 week high of $493.00. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $0.15. The firm had revenue of $607.62 million for the quarter, compared to analyst estimates of $599.69 million. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $4.37 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 28th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, November 28th. FactSet Research Systems’s payout ratio is presently 27.99%.

FactSet Research Systems announced that its board has initiated a share buyback plan on Thursday, December 18th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at FactSet Research Systems

In related news, EVP Goran Skoko purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of $252.93 per share, with a total value of $126,465.00. Following the completion of the transaction, the executive vice president owned 9,192 shares of the company’s stock, valued at approximately $2,324,932.56. This trade represents a 5.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Helen L. Shan purchased 370 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was bought at an average price of $275.48 per share, for a total transaction of $101,927.60. Following the acquisition, the executive vice president owned 9,284 shares in the company, valued at $2,557,556.32. The trade was a 4.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

FactSet Research Systems Company 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.