Connor Clark & Lunn Investment Management Ltd. Takes Position in FactSet Research Systems Inc. $FDS

Connor Clark & Lunn Investment Management Ltd. purchased a new position in FactSet Research Systems Inc. (NYSE:FDS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 198,297 shares of the business services provider’s stock, valued at approximately $45,624,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.56% of FactSet Research Systems at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BOKF NA lifted its holdings in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares in the last quarter. Navalign LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth $32,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter worth $32,000. Elyxium Wealth LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after buying an additional 64 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

NYSE:FDS opened at $305.07 on Tuesday. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $386.52. The stock’s fifty day moving average is $258.40 and its two-hundred day moving average is $233.91. The company has a market capitalization of $10.85 billion, a P/E ratio of 20.10, a P/E/G ratio of 2.01 and a beta of 0.70. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.44.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Equities analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be given a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.57%.

Analysts Set New Price Targets

FDS has been the subject of several research reports. Bank of America upped their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $240.00 target price on shares of FactSet Research Systems in a report on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a report on Thursday, June 18th. Finally, Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus price target of $253.00.

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.