FactSet Research Systems (NYSE:FDS) Reaches New 1-Year High – Here’s Why

FactSet Research Systems Inc. (NYSE:FDS)’s stock price reached a new 52-week high during mid-day trading on Monday. The company traded as high as $340.49 and last traded at $341.22, with a volume of 132,096 shares trading hands. The stock had previously closed at $329.57.

Analyst Ratings Changes

Several research firms have issued reports on FDS. BMO Capital Markets raised their price target on shares of FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 13th. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research report on Thursday, October 1st. Barclays raised their target price on shares of FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a report on Friday, September 11th. 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $271.79.

FactSet Research Systems Stock Up 4.7%

The firm has a market capitalization of $12.16 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average of $292.48 and a two-hundred day moving average of $251.01.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, topping 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 the consensus estimate of $629.83 million. During the same period last year, the business posted $4.05 EPS. The company’s quarterly revenue 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. On average, equities research analysts forecast that FactSet Research Systems Inc. will post 19.63 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bamco Inc. NY acquired a new position in shares of FactSet Research Systems in the 2nd quarter worth $966,533,000. BlackRock Inc. purchased a new stake in FactSet Research Systems in the 2nd quarter worth approximately $657,658,000. Bank of America Corp DE acquired a new stake in FactSet Research Systems during the second quarter valued at $176,141,000. Bank of New York Mellon Corp bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at approximately $68,587,000. Finally, Equity Investment Corp bought a new stake in FactSet Research Systems in the second quarter worth approximately $65,626,000. 91.24% of the stock is owned by institutional investors.

About FactSet Research Systems

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.