PineStone Asset Management Inc. Purchases 39,025 Shares of FactSet Research Systems Inc. $FDS

PineStone Asset Management Inc. boosted its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 419,484 shares of the business services provider’s stock after acquiring an additional 39,025 shares during the quarter. FactSet Research Systems makes up approximately 0.7% of PineStone Asset Management Inc.’s portfolio, making the stock its 26th largest holding. PineStone Asset Management Inc. owned 1.11% of FactSet Research Systems worth $120,178,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FDS. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after purchasing an additional 301,129 shares during the last quarter. Invesco Ltd. boosted its holdings in FactSet Research Systems by 39.2% in the second quarter. Invesco Ltd. now owns 683,146 shares of the business services provider’s stock worth $305,558,000 after purchasing an additional 192,448 shares in the last quarter. PFG Advisors increased its position in FactSet Research Systems by 4,209.8% during the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock worth $85,878,000 after buying an additional 187,545 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in FactSet Research Systems by 7,507.9% during the third quarter. Assenagon Asset Management S.A. now owns 107,119 shares of the business services provider’s stock valued at $30,689,000 after buying an additional 105,711 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of FactSet Research Systems in the second quarter worth about $32,862,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDS has been the topic of a number of analyst reports. Wolfe Research reissued an “underperform” rating and set a $290.00 price objective on shares of FactSet Research Systems in a report on Friday, November 14th. Stifel Nicolaus lowered their price target on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Monday, December 22nd. Morgan Stanley set a $307.00 price objective on shares of FactSet Research Systems and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $313.17.

Insider Activity

In related news, EVP Goran Skoko acquired 500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was acquired 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 represents a 5.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Helen L. Shan bought 370 shares of FactSet Research Systems stock in a transaction that occurred on Monday, October 6th. The stock was bought at an average price of $275.48 per share, with a total value of $101,927.60. Following the purchase, the executive vice president owned 9,284 shares of the company’s stock, valued at $2,557,556.32. This trade represents a 4.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.20% of the company’s stock.

FactSet Research Systems Stock Up 0.7%

Shares of FDS stock opened at $292.09 on Friday. FactSet Research Systems Inc. has a 12 month low of $250.50 and a 12 month 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. The firm has a market cap of $10.93 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.75. The stock has a 50 day moving average of $279.73 and a 200-day moving average of $342.33.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The business had revenue of $607.62 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter last year, the company posted $4.37 earnings per share. FactSet Research Systems’s quarterly revenue was up 6.8% 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 predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

FactSet Research Systems declared that its Board of Directors has approved a share repurchase plan on Thursday, December 18th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.