Citigroup Inc. Purchases 11,455 Shares of FactSet Research Systems Inc. $FDS

Citigroup Inc. grew its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 24.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,843 shares of the business services provider’s stock after purchasing an additional 11,455 shares during the quarter. Citigroup Inc. owned approximately 0.15% of FactSet Research Systems worth $16,571,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Running Oak Capital LLC increased its holdings in shares of FactSet Research Systems by 14.0% in the third quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock worth $11,842,000 after buying an additional 5,072 shares during the period. Nuance Investments LLC bought a new position in FactSet Research Systems during the 3rd quarter worth approximately $2,733,000. Financial Strategies Group Inc. purchased a new position in FactSet Research Systems in the 3rd quarter worth approximately $7,920,000. Fiera Capital Corp lifted its position in FactSet Research Systems by 5.3% in the third quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock valued at $80,271,000 after purchasing an additional 14,133 shares during the last quarter. Finally, Investment House LLC bought a new stake in FactSet Research Systems in the third quarter valued at approximately $2,951,000. Institutional investors own 91.24% of the company’s stock.

Insider Transactions at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the sale, the director owned 879 shares in the company, valued at $259,920.30. This represents a 74.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Laurie Siegel sold 2,572 shares of FactSet Research Systems stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $296.25, for a total value of $761,955.00. Following the transaction, the director owned 1,037 shares of the company’s stock, valued at $307,211.25. The trade was a 71.27% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FDS shares. Zacks Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Friday, December 19th. Bank of America assumed coverage on shares of FactSet Research Systems in a research note on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price objective for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $320.00 target price on shares of FactSet Research Systems in a research note on Friday, December 19th. Finally, BMO Capital Markets lowered their price target 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $291.62.

FactSet Research Systems Trading Up 1.3%

FDS opened at $217.11 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63. FactSet Research Systems Inc. has a 52 week low of $185.00 and a 52 week high of $474.79. The stock has a market cap of $8.05 billion, a PE ratio of 13.81, a PEG ratio of 2.21 and a beta of 0.73. The business has a 50 day moving average of $254.45 and a 200-day moving average of $288.42.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data 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. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The business had revenue of $607.62 million during the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the prior year, the company earned $4.37 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts predict that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

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

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 27th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.40 annualized dividend and a yield of 2.0%. FactSet Research Systems’s payout ratio is presently 27.99%.

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.