State of Michigan Retirement System Has $11.53 Million Position in FactSet Research Systems Inc. $FDS

State of Michigan Retirement System raised its position in FactSet Research Systems Inc. (NYSE:FDS) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,235 shares of the business services provider’s stock after purchasing an additional 6,600 shares during the quarter. State of Michigan Retirement System owned 0.11% of FactSet Research Systems worth $11,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock worth $370,873,000 after buying an additional 301,129 shares during the period. Invesco Ltd. increased its position in FactSet Research Systems by 39.2% in the 2nd quarter. Invesco Ltd. now owns 683,146 shares of the business services provider’s stock valued at $305,558,000 after acquiring an additional 192,448 shares during the period. PFG Advisors raised its stake in shares of FactSet Research Systems by 4,209.8% during the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after acquiring an additional 187,545 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of FactSet Research Systems by 7,507.9% during the third quarter. Assenagon Asset Management S.A. now owns 107,119 shares of the business services provider’s stock worth $30,689,000 after purchasing an additional 105,711 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of FactSet Research Systems by 1,605.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 81,075 shares of the business services provider’s stock worth $23,227,000 after purchasing an additional 76,322 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports 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 report on Monday, December 22nd. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Friday, December 19th. Evercore lifted their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a research note on Thursday, January 8th. Wells Fargo & Company decreased their target price on shares of FactSet Research Systems from $265.00 to $215.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $308.83.

FactSet Research Systems Trading Down 0.8%

Shares of FDS stock opened at $207.53 on Monday. FactSet Research Systems Inc. has a fifty-two week low of $201.80 and a fifty-two week high of $474.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day simple moving average of $279.80 and a two-hundred day simple moving average of $307.76. The company has a market cap of $7.70 billion, a P/E ratio of 13.20, a PEG ratio of 1.90 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.36 by $0.15. The firm 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%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.37 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio is currently 27.99%.

FactSet Research Systems announced that its board has initiated a stock repurchase plan on Thursday, December 18th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at FactSet Research Systems

In other news, Director Laurie Siegel sold 2,572 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the transaction, the director owned 1,037 shares of the company’s stock, valued at $307,211.25. This represents a 71.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 879 shares of the company’s stock, valued at $259,920.30. The trade was a 74.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

FactSet Research Systems Company 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.