Bank of New York Mellon Corp Has $63.81 Million Holdings in FactSet Research Systems Inc. $FDS

Bank of New York Mellon Corp decreased its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 7.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 294,091 shares of the business services provider’s stock after selling 24,128 shares during the period. Bank of New York Mellon Corp’s holdings in FactSet Research Systems were worth $63,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FDS. Sanctuary Advisors LLC increased its holdings in shares of FactSet Research Systems by 1.0% during the first quarter. Sanctuary Advisors LLC now owns 13,002 shares of the business services provider’s stock worth $2,821,000 after purchasing an additional 126 shares during the period. Mattern Capital Management LLC raised its holdings in FactSet Research Systems by 53.7% in the 1st quarter. Mattern Capital Management LLC now owns 46,708 shares of the business services provider’s stock valued at $10,135,000 after acquiring an additional 16,317 shares in the last quarter. Mcdonald Capital Investors Inc. CA lifted its position in shares of FactSet Research Systems by 1.3% during the 1st quarter. Mcdonald Capital Investors Inc. CA now owns 188,141 shares of the business services provider’s stock valued at $40,825,000 after acquiring an additional 2,397 shares during the period. State of Michigan Retirement System grew its holdings in shares of FactSet Research Systems by 523.2% during the 1st quarter. State of Michigan Retirement System now owns 244,523 shares of the business services provider’s stock worth $53,059,000 after purchasing an additional 205,288 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of FactSet Research Systems by 5.0% during the 1st quarter. Principal Financial Group Inc. now owns 45,209 shares of the business services provider’s stock worth $9,810,000 after purchasing an additional 2,137 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on FDS. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $253.00.

FactSet Research Systems Stock Down 0.6%

NYSE:FDS opened at $245.39 on Thursday. FactSet Research Systems Inc. has a one year low of $185.00 and a one year high of $424.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $8.73 billion, a PE ratio of 16.17, a P/E/G ratio of 1.66 and a beta of 0.72. The firm’s 50 day simple moving average is $239.37 and its 200 day simple moving average is $234.02.

FactSet Research Systems (NYSE:FDS) last announced its quarterly 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 analysts’ expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, research analysts anticipate that FactSet Research Systems Inc. will post 17.75 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were issued a $1.16 dividend. The ex-dividend date was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 dividend on an annualized basis and a yield of 1.9%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.57%.

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.