Core Alternative Capital Sells 2,165 Shares of FactSet Research Systems Inc. $FDS

Core Alternative Capital lessened its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS) by 21.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,926 shares of the business services provider’s stock after selling 2,165 shares during the period. Core Alternative Capital’s holdings in FactSet Research Systems were worth $2,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pilgrim Partners Asia Pte Ltd acquired a new position in FactSet Research Systems during the 3rd quarter worth about $52,000. CIBC Asset Management Inc grew its stake in shares of FactSet Research Systems by 1.2% during the third quarter. CIBC Asset Management Inc now owns 16,368 shares of the business services provider’s stock valued at $4,689,000 after purchasing an additional 187 shares during the last quarter. Investment House LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $2,951,000. Blackhawk Capital Partners LLC bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $301,000. Finally, GHP Investment Advisors Inc. lifted its holdings in FactSet Research Systems by 2.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 23,652 shares of the business services provider’s stock worth $6,776,000 after buying an additional 464 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on FDS. BMO Capital Markets lowered their target price on FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. The Goldman Sachs Group cut 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 research report on Friday, December 19th. Stifel Nicolaus lowered their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating for the company in a research report on Friday, December 19th. Finally, Zacks Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $313.00.

FactSet Research Systems Stock Down 6.1%

Shares of NYSE:FDS opened at $268.83 on Wednesday. The company has a 50 day moving average price of $286.02 and a two-hundred day moving average price of $318.66. The company has a market capitalization of $9.97 billion, a PE ratio of 17.10, a PEG ratio of 2.61 and a beta of 0.75. FactSet Research Systems Inc. has a 52 week low of $250.50 and a 52 week high of $477.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 1.54.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.36 by $0.15. The business had revenue of $607.62 million during the quarter, compared to analysts’ expectations of $599.69 million. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.37 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, November 28th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, November 28th. FactSet Research Systems’s dividend payout ratio (DPR) is 27.99%.

FactSet Research Systems declared that its board has initiated a share buyback program on Thursday, December 18th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction 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 sale, the director directly owned 879 shares of the company’s stock, valued at approximately $259,920.30. The trade was a 74.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of the company’s 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 transaction, the director directly owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was 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.

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.