FactSet Research Systems (NYSE:FDS) Shares Gap Down – Should You Sell?

FactSet Research Systems Inc. (NYSE:FDS)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $323.39, but opened at $307.03. FactSet Research Systems shares last traded at $308.7930, with a volume of 11,034 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FDS. Morgan Stanley upped their price objective on FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. Stifel Nicolaus upped their price target on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research report on Thursday, October 1st. Barclays lifted their price objective on shares of FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, September 11th. Finally, William Blair raised shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, FactSet Research Systems currently has a consensus rating of “Reduce” and a consensus price target of $271.79.

FactSet Research Systems Trading Up 0.6%

The business has a 50-day moving average price of $290.94 and a two-hundred day moving average price of $250.64. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 21.39 and a beta of 0.77.

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. The company had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post 19.63 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 31st. FactSet Research Systems’s payout ratio is presently 31.87%.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently made changes to their positions in FDS. VestGen Advisors LLC raised its holdings in shares of FactSet Research Systems by 9.0% during the third quarter. VestGen Advisors LLC now owns 1,832 shares of the business services provider’s stock valued at $494,000 after buying an additional 152 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in FactSet Research Systems by 14.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 2,104 shares of the business services provider’s stock worth $568,000 after buying an additional 264 shares in the last quarter. Park Avenue Securities LLC bought a new position in FactSet Research Systems in the 3rd quarter worth approximately $266,000. Apollon Wealth Management LLC increased its position in FactSet Research Systems by 5.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,671 shares of the business services provider’s stock valued at $721,000 after acquiring an additional 128 shares during the period. Finally, Signaturefd LLC increased its position in FactSet Research Systems by 18.0% in the 3rd quarter. Signaturefd LLC now owns 1,193 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.