Banyan Capital Management Inc. Acquires New Stake in FactSet Research Systems Inc. $FDS

Banyan Capital Management Inc. acquired a new position in shares of FactSet Research Systems Inc. (NYSE:FDS) in the first quarter, HoldingsChannel reports. The fund acquired 34,827 shares of the business services provider’s stock, valued at approximately $7,557,000. FactSet Research Systems makes up about 3.3% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding.

Other hedge funds have also modified their holdings of the company. Cromwell Holdings LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter worth about $26,000. WPG Advisers LLC raised its position in shares of FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Field & Main Bank acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $29,000. BOKF NA grew its holdings in FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after acquiring an additional 102 shares during the period. Finally, Navalign LLC acquired a new position in FactSet Research Systems in the fourth quarter worth approximately $32,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

FactSet Research Systems stock traded up $5.05 during mid-day trading on Friday, reaching $246.95. The company had a trading volume of 529,969 shares, compared to its average volume of 1,009,231. The company has a 50 day moving average of $233.50 and a 200-day moving average of $236.45. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.66 and a beta of 0.72. 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 Inc. has a 52 week low of $185.00 and a 52 week high of $453.41.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.09. The business had revenue of $622.92 million for 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%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.75 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, May 29th. This is an increase 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 payout ratio is presently 30.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FDS shares. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research report on Thursday, July 2nd. UBS Group cut their price objective on shares of FactSet Research Systems from $380.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $240.00 target price on shares of FactSet Research Systems 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, nine have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus 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.