Sone Capital Management LLC Takes $14.87 Million Position in FactSet Research Systems Inc. $FDS

Sone Capital Management LLC purchased a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 64,630 shares of the business services provider’s stock, valued at approximately $14,870,000.

A number of other hedge funds have also added to or reduced their stakes in FDS. BOKF NA increased its holdings in FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Navalign LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $32,000. Litman Gregory Wealth Management LLC bought a new stake in FactSet Research Systems during the fourth quarter worth $32,000. Elyxium Wealth LLC bought a new stake in FactSet Research Systems during the fourth quarter worth $35,000. Finally, Geneos Wealth Management Inc. raised its position in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 1.7%

FDS stock opened at $305.07 on Tuesday. The stock’s fifty day simple moving average is $258.40 and its two-hundred day simple moving average is $233.91. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $386.52. The stock has a market cap 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.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million during the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 30.57%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised their price objective on FactSet Research Systems from $228.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 2nd. Bank of America increased their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, July 2nd. The Goldman Sachs Group lowered shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Barclays boosted their price target on shares of FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and an average price target of $253.00.

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.