FactSet Research Systems (NYSE:FDS) Given New $375.00 Price Target at UBS Group

FactSet Research Systems (NYSE:FDS) had its price target increased by UBS Group from $340.00 to $375.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $250.00 to $290.00 and gave the stock an “underweight” rating in a research note on Thursday, November 5th. Barclays increased their target price on shares of FactSet Research Systems from $250.00 to $305.00 and gave the company an “underweight” rating in a research note on Friday, November 6th. Royal Bank Of Canada raised their target price on shares of FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a report on Thursday, August 27th. Stifel Nicolaus lifted their price target on shares of FactSet Research Systems from $292.00 to $325.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus target price of $284.93.

FactSet Research Systems Price Performance

NYSE:FDS opened at $334.19 on Wednesday. The firm has a market capitalization of $11.78 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.83 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $297.40 and a 200-day simple moving average of $252.87. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $348.00.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The firm had revenue of $634.70 million for the quarter, compared to the consensus estimate of $629.83 million. During the same quarter in the previous year, the company posted $4.05 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Equities analysts forecast that FactSet Research Systems will post 19.63 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, November 30th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 30th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently bought and sold shares of the business. Bamco Inc. NY bought a new stake in shares of FactSet Research Systems during the second quarter worth $966,533,000. BlackRock Inc. purchased a new stake in shares of FactSet Research Systems during the second quarter valued at $657,658,000. Bank of America Corp DE grew its holdings in shares of FactSet Research Systems by 33.6% in the first quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after purchasing an additional 212,022 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of FactSet Research Systems by 123.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock worth $82,006,000 after purchasing an additional 208,824 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in FactSet Research Systems by 27.1% in the 3rd quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock worth $83,213,000 after buying an additional 65,803 shares during the period. Institutional investors own 91.24% of the company’s stock.

Key FactSet Research Systems News

These are some of the FDS news items that stood out recently:

• Positive Sentiment: UBS raised its price target to $375 from $340 and reiterated a Buy rating, implying roughly 12% upside from $334.19. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $321 from $300 but maintained Equal Weight; Stifel raised its target to $325 from $292 and kept a Hold rating. Both targets remain below the cited share price, tempering the more bullish UBS call. Morgan Stanley analyst recommendations Stifel analyst recommendations
• Negative Sentiment: A separate report said sell-side brokerages rated the shares “Reduce,” adding to the cautious analyst commentary. Report on Reduce ratings

FactSet Research Systems Company Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.