FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Recommendation of “Reduce” from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has received a consensus rating of “Reduce” from the nine brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $444.25.

A number of brokerages have recently commented on FDS. UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley upped their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an “underweight” rating in a research note on Friday, June 20th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Evercore ISI dropped their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a research note on Monday, June 16th. Finally, BMO Capital Markets upped their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research note on Friday, June 20th.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 7,606 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the transaction, the executive vice president owned 23,952 shares of the company’s stock, valued at approximately $10,702,711.68. The trade was a 24.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer directly owned 44 shares of the company’s stock, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kolinsky Wealth Management LLC boosted its stake in FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after purchasing an additional 23 shares during the period. Fifth Third Bancorp boosted its stake in FactSet Research Systems by 1.6% in the 1st quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider’s stock worth $668,000 after purchasing an additional 23 shares during the period. Geller Advisors LLC boosted its stake in FactSet Research Systems by 5.6% in the 4th quarter. Geller Advisors LLC now owns 468 shares of the business services provider’s stock worth $225,000 after purchasing an additional 25 shares during the period. Birch Capital Management LLC boosted its stake in FactSet Research Systems by 0.3% in the 1st quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider’s stock worth $3,915,000 after purchasing an additional 25 shares during the period. Finally, Alps Advisors Inc. boosted its stake in FactSet Research Systems by 3.1% in the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider’s stock worth $374,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $376.8840 on Friday. The stock has a market cap of $14.25 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.83. The firm’s fifty day simple moving average is $416.85 and its 200 day simple moving average is $434.35. FactSet Research Systems has a twelve month low of $365.76 and a twelve month high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The business had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter last year, the firm posted $4.37 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, research analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. FactSet Research Systems’s payout ratio is 31.79%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.