FactSet Research Systems (NYSE:FDS) Price Target Raised to $321.00

FactSet Research Systems (NYSE:FDS) had its price target increased by Morgan Stanley from $300.00 to $321.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

FDS has been the topic of a number of other reports. Barclays boosted their target price on shares of FactSet Research Systems from $250.00 to $305.00 and gave the stock an “underweight” rating in a report on Friday, November 6th. William Blair upgraded shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 8th. BMO Capital Markets increased their price objective on FactSet Research Systems from $300.00 to $314.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada boosted their target price on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $284.93.

FactSet Research Systems Stock Performance

FDS opened at $333.10 on Wednesday. The business has a 50 day moving average price of $298.31 and a two-hundred day moving average price of $253.42. 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 company has a market capitalization of $11.75 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.69. 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 issued its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, topping the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The firm had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. During the same period in the previous year, the business earned $4.05 earnings per share. FactSet Research Systems’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. Research analysts predict that FactSet Research Systems will post 19.52 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY bought a new position in FactSet Research Systems in the second quarter valued at approximately $966,533,000. BlackRock Inc. bought a new position in shares of FactSet Research Systems during the second quarter worth approximately $657,658,000. Bank of America Corp DE bought a new stake in FactSet Research Systems in the 2nd quarter valued at $176,141,000. Bank of New York Mellon Corp bought a new position in FactSet Research Systems during the second quarter worth about $68,587,000. Finally, Equity Investment Corp bought a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $65,626,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.