FactSet Research Systems (NYSE:FDS) Shares Up 7% – Here’s Why

FactSet Research Systems Inc. (NYSE:FDS) rose 7% on Tuesday . The stock traded as high as $283.82 and last traded at $284.5640. Approximately 236,873 shares changed hands during trading, a decline of 75% from the average session volume of 963,975 shares. The stock had previously closed at $265.90.

Analysts Set New Price Targets

FDS has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Wolfe Research raised their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a report on Wednesday, July 1st. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Bank of America raised their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $240.00 target price on shares of FactSet Research Systems in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $253.00.

FactSet Research Systems Trading Down 0.6%

The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.91 and a beta of 0.72. The business has a 50-day moving average of $244.33 and a 200-day moving average of $233.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. The business had revenue of $622.92 million for the quarter, compared to analysts’ expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, research analysts forecast that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 29th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s payout ratio is currently 30.57%.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the company. Cromwell Holdings LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth $26,000. WPG Advisers LLC boosted its stake in shares of FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the last quarter. Field & Main Bank purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $29,000. Finally, BOKF NA raised its holdings in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.