Citigroup Inc. Raises Position in FactSet Research Systems Inc. $FDS

Citigroup Inc. grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 24.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 57,843 shares of the business services provider’s stock after purchasing an additional 11,455 shares during the period. Citigroup Inc.’s holdings in FactSet Research Systems were worth $16,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp bought a new position in FactSet Research Systems in the 3rd quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of FactSet Research Systems in the second quarter worth $42,000. Winnow Wealth LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at $28,000. Geneos Wealth Management Inc. boosted its position in shares of FactSet Research Systems by 188.2% during the first 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. Finally, CYBER HORNET ETFs LLC bought a new stake in FactSet Research Systems in the 2nd quarter worth about $45,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.3%

Shares of FactSet Research Systems stock opened at $217.11 on Friday. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $474.79. The company’s fifty day simple moving average is $254.45 and its 200-day simple moving average is $288.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $8.05 billion, a PE ratio of 13.81, a P/E/G ratio of 2.21 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last announced 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. The company had revenue of $607.62 million for the quarter, compared to analysts’ expectations of $599.69 million. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.FactSet Research Systems’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $4.37 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 27th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. FactSet Research Systems’s payout ratio is presently 27.99%.

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

Analyst Ratings Changes

FDS has been the topic of several research analyst reports. Barclays lowered their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research note on Monday, February 23rd. Huber Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, December 19th. The Goldman Sachs Group dropped their target price on shares of FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating on the stock in a report on Friday, December 19th. Wolfe Research reiterated an “underperform” rating and set a $290.00 target price on shares of FactSet Research Systems in a research note on Friday, November 14th. Finally, UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems currently has an average rating of “Reduce” and a consensus target price of $291.62.

Insider Buying and Selling

In other FactSet Research Systems news, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were 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 $259,920.30. This represents a 74.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the sale, the director directly owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. This trade represents a 71.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.