FactSet Research Systems Inc. $FDS Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 62.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,495 shares of the business services provider’s stock after selling 4,220 shares during the quarter. Prospera Financial Services Inc’s holdings in FactSet Research Systems were worth $716,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. First Horizon Corp acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at approximately $28,000. Covestor Ltd increased its position in FactSet Research Systems by 53.4% in the third quarter. Covestor Ltd now owns 112 shares of the business services provider’s stock worth $33,000 after buying an additional 39 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after acquiring an additional 86 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of FactSet Research Systems by 178.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 139 shares of the business services provider’s stock valued at $40,000 after buying an additional 89 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research analyst reports. Wolfe Research reiterated an “underperform” rating and set a $290.00 price objective on shares of FactSet Research Systems in a research note on Friday, November 14th. 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. Jefferies Financial Group reaffirmed a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a report on Friday, December 19th. Evercore lifted their price target on FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a research note on Thursday, January 8th. Finally, Zacks Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $308.83.

FactSet Research Systems Stock Up 1.9%

NYSE:FDS opened at $205.69 on Monday. The business’s fifty day moving average price is $271.90 and its 200 day moving average price is $300.22. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.88 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 1-year low of $190.58 and a 1-year high of $474.79.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $0.15. The company had revenue of $607.62 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $4.37 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, sell-side analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, February 27th will be given a $1.10 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.1%. FactSet Research Systems’s dividend payout ratio is presently 27.99%.

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

Insiders Place Their Bets

In other FactSet Research Systems news, 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 value 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the transaction, the director directly owned 879 shares in the company, valued at approximately $259,920.30. The trade was a 74.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

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.