FactSet Research Systems (NYSE:FDS) Trading 7% Higher – Time to Buy?

FactSet Research Systems Inc. (NYSE:FDS)’s stock price was up 7% on Tuesday . The stock traded as high as $283.82 and last traded at $284.5640. 236,873 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 963,975 shares. The stock had previously closed at $265.90.

Analyst Ratings Changes

A number of brokerages recently weighed in on FDS. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $240.00 price target on shares of FactSet Research Systems in a research note on Thursday, July 2nd. Barclays lifted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. Bank of America raised their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research report on Thursday, July 2nd. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $253.00.

FactSet Research Systems Stock Performance

The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.71 and a beta of 0.72. The stock’s 50-day moving average is $241.92 and its 200 day moving average is $233.32. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The firm had revenue of $622.92 million for the quarter, compared to analysts’ expectations of $617.91 million. During the same quarter in the prior year, the firm earned $4.27 EPS. FactSet Research Systems’s quarterly revenue was up 6.4% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, analysts predict that FactSet Research Systems Inc. will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s payout ratio is currently 30.57%.

Hedge Funds Weigh In On FactSet Research Systems

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after acquiring an additional 13,854,613 shares during the period. Bamco Inc. NY grew its stake in FactSet Research Systems by 58.8% during the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after buying an additional 1,069,786 shares during the last quarter. AQR Capital Management LLC lifted its stake in FactSet Research Systems by 4,547.4% in the fourth quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock valued at $204,602,000 after buying an additional 689,891 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of FactSet Research Systems by 1,843.9% during the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock valued at $173,453,000 after acquiring an additional 566,975 shares during the period. Finally, Norges Bank acquired a new stake in shares of FactSet Research Systems in the 4th quarter worth about $151,492,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.