FactSet Research Systems Inc. (NYSE:FDS) Given Average Rating of “Reduce” by Analysts

FactSet Research Systems Inc. (NYSE:FDS) has been given a consensus recommendation of “Reduce” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $424.4444.

Several equities analysts have recently commented on FDS shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Rothschild Redb upgraded FactSet Research Systems from a “strong sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley increased their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research report on Friday, June 20th. Evercore ISI reduced their price objective on FactSet Research Systems from $448.00 to $394.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 10th. Finally, Rothschild & Co Redburn raised FactSet Research Systems from a “sell” rating to a “neutral” rating and lowered their target price for the company from $415.00 to $370.00 in a research note on Friday.

FactSet Research Systems Stock Performance

Shares of FDS opened at $344.69 on Thursday. The company has a market cap of $13.03 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $394.71 and a 200-day moving average price of $423.30. FactSet Research Systems has a 12-month low of $343.60 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, equities analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems’s payout ratio is 31.79%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer directly owned 44 shares of the company’s stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company’s stock.

Institutional Trading of FactSet Research Systems

Several large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. boosted its position in FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after acquiring an additional 38 shares in the last quarter. QRG Capital Management Inc. boosted its position in FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock valued at $609,000 after acquiring an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its position in FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 870 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in FactSet Research Systems during the 1st quarter valued at approximately $2,528,000. Finally, Golden State Wealth Management LLC boosted its position in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.