Freestone Grove Partners LP Makes New Investment in FactSet Research Systems Inc. $FDS

Freestone Grove Partners LP bought a new stake in FactSet Research Systems Inc. (NYSE:FDS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,470 shares of the business services provider’s stock, valued at approximately $2,179,000.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after acquiring an additional 30 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in FactSet Research Systems by 2.7% during the second quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider’s stock valued at $798,000 after purchasing an additional 48 shares during the last quarter. Lafayette Investments Inc. boosted its position in FactSet Research Systems by 1.1% during the first quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock worth $982,000 after purchasing an additional 49 shares during the period. Tema ETFs LLC boosted its position in FactSet Research Systems by 8.1% during the second quarter. Tema ETFs LLC now owns 669 shares of the business services provider’s stock worth $154,000 after purchasing an additional 50 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of FactSet Research Systems by 58.6% in the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.7%

Shares of FactSet Research Systems stock opened at $309.63 on Friday. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $377.07. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.04 and a beta of 0.70. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $264.27 and its 200-day moving average price is $236.21.

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

FactSet Research Systems Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FDS. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Barclays raised their price objective 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Wells Fargo & Company increased their target price on FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Finally, Morgan Stanley raised their price target on FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $257.57.

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.