Envestnet Asset Management Inc. Sells 3,295 Shares of FactSet Research Systems Inc. $FDS

Envestnet Asset Management Inc. lessened its holdings in FactSet Research Systems Inc. (NYSE:FDS) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,362 shares of the business services provider’s stock after selling 3,295 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of FactSet Research Systems worth $25,888,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FDS. Running Oak Capital LLC increased its stake in FactSet Research Systems by 14.0% during the third quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock worth $11,842,000 after acquiring an additional 5,072 shares during the last quarter. Financial Strategies Group Inc. purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth approximately $7,920,000. Investment House LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $2,951,000. J. W. Coons Advisors LLC raised its holdings in FactSet Research Systems by 139.8% during the 2nd quarter. J. W. Coons Advisors LLC now owns 3,465 shares of the business services provider’s stock valued at $1,550,000 after buying an additional 2,020 shares during the period. Finally, Nordea Investment Management AB lifted its position in FactSet Research Systems by 2.1% in the third quarter. Nordea Investment Management AB now owns 354,387 shares of the business services provider’s stock worth $100,883,000 after buying an additional 7,167 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FDS shares. Wolfe Research reiterated an “underperform” rating and set a $290.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 14th. Stifel Nicolaus cut their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a research note on Friday, December 19th. Finally, Huber Research upgraded FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $308.83.

Insider Activity

In other FactSet Research Systems news, Director Laurie Siegel sold 2,572 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the sale, the director owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was a 71.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Malcolm Frank sold 2,572 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $295.70, for a total transaction of $760,540.40. Following the completion of the transaction, the director directly owned 879 shares of the company’s stock, valued at approximately $259,920.30. This represents a 74.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

FactSet Research Systems Price Performance

FDS opened at $201.75 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.77 and a beta of 0.73. The business’s fifty day simple moving average is $273.60 and its 200-day simple moving average is $303.23. FactSet Research Systems Inc. has a 12-month low of $190.58 and a 12-month high of $474.79.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $4.36 by $0.15. The firm 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 company’s revenue was up 6.8% compared to the same quarter last year. 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. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.2%. FactSet Research Systems’s dividend payout ratio is presently 27.99%.

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

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.