FactSet Research Systems (NYSE:FDS) Hits New 1-Year High – Should You Buy?

FactSet Research Systems Inc. (NYSE:FDS)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $320.70 and last traded at $320.0180, with a volume of 519,316 shares changing hands. The stock had previously closed at $312.27.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDS. Deutsche Bank Aktiengesellschaft lifted their target price on shares of FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. BMO Capital Markets increased their price target on FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a report on Tuesday, October 13th. Wells Fargo & Company raised their price objective on shares of FactSet Research Systems from $210.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, October 1st. Finally, William Blair raised shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $271.79.

FactSet Research Systems Stock Performance

The company has a market capitalization of $11.38 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.70 and a beta of 0.77. The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $287.09 and its 200 day moving average is $256.60.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. During the same period in the previous year, the company posted $4.05 EPS. The firm’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. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio is presently 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Associates Ltd. bought a new stake in shares of FactSet Research Systems during the 3rd quarter worth approximately $205,000. Nisa Investment Advisors LLC lifted its holdings in FactSet Research Systems by 1.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 11,567 shares of the business services provider’s stock valued at $3,123,000 after buying an additional 158 shares in the last quarter. Willis Investment Counsel boosted its position in FactSet Research Systems by 9.4% in the 3rd quarter. Willis Investment Counsel now owns 55,816 shares of the business services provider’s stock valued at $15,068,000 after buying an additional 4,795 shares during the period. Net Worth Advisory Group bought a new position in FactSet Research Systems in the 3rd quarter worth about $253,000. Finally, Midway Capital Research & Management grew its stake in FactSet Research Systems by 3.4% in the 3rd quarter. Midway Capital Research & Management now owns 1,366 shares of the business services provider’s stock worth $369,000 after acquiring an additional 45 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.