FactSet Research Systems (NYSE:FDS) Price Target Raised to $299.00

FactSet Research Systems (NYSE:FDS) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $280.00 to $299.00 in a research note published on Friday,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the stock. Barclays boosted their price objective on shares of FactSet Research Systems from $216.00 to $250.00 and gave the company an “underweight” rating in a research report on Tuesday, September 8th. Bank of America upped their target price on FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, July 2nd. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a research report on Thursday, June 18th. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Finally, William Blair raised 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 given a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $266.36.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $259.66 on Friday. The firm’s 50-day simple moving average is $276.83 and its 200-day simple moving average is $243.12. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $370.98. The firm has a market cap of $9.24 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.56 and a beta of 0.71. 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 released its earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company had revenue of $622.92 million for the quarter, compared to the consensus estimate of $617.91 million. During the same quarter last year, the business posted $4.27 EPS. FactSet Research Systems’s quarterly revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Equities analysts forecast that FactSet Research Systems will post 17.77 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. FactSet Research Systems’s payout ratio is currently 30.57%.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds have recently added to or reduced their stakes in FDS. Jones Financial Companies Lllp raised its holdings in FactSet Research Systems by 5.6% during the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock valued at $785,000 after buying an additional 91 shares in the last quarter. Empowered Funds LLC boosted its position in shares of FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after acquiring an additional 210 shares during the period. Geneos Wealth Management Inc. boosted its holdings in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its position in FactSet Research Systems by 58.6% during the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after buying an additional 51 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of FactSet Research Systems by 15.6% during the 2nd quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc (NYSE:FDS) provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.