Whittier Trust Co. Decreases Holdings in FactSet Research Systems Inc. $FDS

Whittier Trust Co. lessened its position in FactSet Research Systems Inc. (NYSE:FDS) by 82.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,599 shares of the business services provider’s stock after selling 17,175 shares during the period. Whittier Trust Co.’s holdings in FactSet Research Systems were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. ORG Partners LLC boosted its position in shares of FactSet Research Systems by 13.9% during the second quarter. ORG Partners LLC now owns 205 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 25 shares in the last quarter. Valmark Advisers Inc. raised its stake in FactSet Research Systems by 1.3% during the 2nd quarter. Valmark Advisers Inc. now owns 1,970 shares of the business services provider’s stock valued at $881,000 after buying an additional 26 shares during the last quarter. Huntington National Bank lifted its holdings in FactSet Research Systems by 10.0% in the second quarter. Huntington National Bank now owns 320 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 29 shares during the period. Daiwa Securities Group Inc. boosted 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 worth $3,071,000 after buying an additional 30 shares during the last quarter. Finally, Claret Asset Management Corp increased its stake in shares of FactSet Research Systems by 7.0% in the 2nd quarter. Claret Asset Management Corp now owns 532 shares of the business services provider’s stock worth $238,000 after purchasing an additional 35 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $284.77 on Tuesday. The stock has a market capitalization of $10.57 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.62 and a beta of 0.75. The company’s fifty day moving average price is $286.09 and its 200 day moving average price is $319.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 1.54. FactSet Research Systems Inc. has a 1 year low of $250.50 and a 1 year high of $477.92.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 18th. The business services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $599.69 million. During the same quarter in the previous year, the company earned $4.37 earnings per share. The company’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. As a group, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

FactSet Research Systems announced that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wolfe Research reissued an “underperform” rating and set a $290.00 price target on shares of FactSet Research Systems in a research note on Friday, November 14th. Raymond James Financial restated a “market perform” rating on shares of FactSet Research Systems in a report on Thursday, December 18th. Stifel Nicolaus decreased their price target on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating for the company in a research note on Friday, December 19th. The Goldman Sachs Group cut their target price on FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating on the stock in a research report on Friday, December 19th. Finally, Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $260.00 to $265.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 14th. One investment 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 stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $313.00.

Insiders Place Their Bets

In other news, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $295.70, for a total transaction of $760,540.40. Following the completion of the sale, the director owned 879 shares of the company’s stock, valued at $259,920.30. This represents a 74.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $296.25, for a total transaction of $761,955.00. Following the transaction, the director owned 1,037 shares in the company, valued at $307,211.25. The trade was a 71.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.

About FactSet Research Systems

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.