FactSet Research Systems (NYSE:FDS) Given New $305.00 Price Target at Barclays

FactSet Research Systems (NYSE:FDS) had its target price hoisted by Barclays from $250.00 to $305.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lifted their target price on shares of FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a research report on Thursday, October 1st. Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. BMO Capital Markets lifted their price objective on shares of FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a report on Tuesday, October 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $278.57.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $12.39 during midday trading on Friday, hitting $328.08. 597,647 shares of the company’s stock were exchanged, compared to its average volume of 693,315. FactSet Research Systems has a 52-week low of $185.00 and a 52-week high of $348.00. The stock has a 50-day moving average price of $296.23 and a two-hundred day moving average price of $252.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $11.57 billion, a P/E ratio of 22.53, a PEG ratio of 1.93 and a beta of 0.69.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.17. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The business had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. During the same period in the prior year, the company earned $4.05 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities research analysts forecast that FactSet Research Systems will post 19.63 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were given a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a yield of 1.4%. FactSet Research Systems’s payout ratio is presently 31.87%.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bamco Inc. NY purchased a new position in shares of FactSet Research Systems during the second quarter worth approximately $966,533,000. BlackRock Inc. bought a new stake in shares of FactSet Research Systems in the 2nd quarter worth approximately $657,658,000. Bank of America Corp DE lifted its holdings in shares of FactSet Research Systems by 33.6% in the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after acquiring an additional 212,022 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of FactSet Research Systems by 27.1% in the 3rd quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock valued at $83,213,000 after purchasing an additional 65,803 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of FactSet Research Systems by 123.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock valued at $82,006,000 after purchasing an additional 208,824 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

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.