FactSet Research Systems (NYSE:FDS) Price Target Raised to $300.00

FactSet Research Systems (NYSE:FDS) had its target price increased by Morgan Stanley from $230.00 to $300.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

FDS has been the subject of several other research reports. BMO Capital Markets raised their price target on FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Wells Fargo & Company increased their price objective on FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $266.36.

FactSet Research Systems Stock Down 1.2%

FDS stock opened at $259.66 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50 day simple moving average is $276.83 and its 200-day simple moving average is $242.75. FactSet Research Systems has a 12 month low of $185.00 and a 12 month high of $370.98. The firm has a market capitalization of $9.24 billion, a PE ratio of 17.11, a P/E/G ratio of 1.56 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $622.92 million during the quarter, compared to the consensus estimate of $617.91 million. During the same period in the previous year, the firm posted $4.27 EPS. The company’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 expect that FactSet Research Systems will post 17.77 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s payout ratio is presently 30.57%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FDS. Northwestern Mutual Wealth Management Co. grew its position in shares of FactSet Research Systems by 444,058.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after purchasing an additional 13,854,613 shares during the period. California State Teachers Retirement System increased its stake in FactSet Research Systems by 22,745.3% in the second quarter. California State Teachers Retirement System now owns 9,725,942 shares of the business services provider’s stock valued at $2,237,745,000 after purchasing an additional 9,683,369 shares during the last quarter. Bamco Inc. NY purchased a new position in FactSet Research Systems during the second quarter worth about $966,533,000. BlackRock Inc. purchased a new position in FactSet Research Systems during the second quarter worth about $657,658,000. Finally, State Street Corp lifted its position in FactSet Research Systems by 1.2% during the third quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after buying an additional 23,660 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.