FactSet Research Systems (NYSE:FDS) Price Target Raised to $321.00

FactSet Research Systems (NYSE:FDS) had its price target hoisted by analysts at Morgan Stanley from $300.00 to $321.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley‘s price target would indicate a potential downside of 3.89% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, September 11th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $292.00 to $325.00 and gave the stock a “hold” rating in a research note on Wednesday. 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. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Reduce” and an average target price of $282.43.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS traded up $8.00 during midday trading on Wednesday, hitting $333.98. The company had a trading volume of 136,174 shares, compared to its average volume of 917,918. FactSet Research Systems has a 12-month low of $185.00 and a 12-month high of $348.00. The company has a fifty day moving average of $296.81 and a two-hundred day moving average of $252.63. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.83 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $634.70 million for the quarter, compared to the consensus estimate of $629.83 million. During the same period in the previous year, the business earned $4.05 earnings per share. FactSet Research Systems’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 expect that FactSet Research Systems will post 19.63 EPS for the current fiscal year.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently made changes to their positions in the business. Bamco Inc. NY bought a new stake in FactSet Research Systems during the 2nd quarter valued at approximately $966,533,000. BlackRock Inc. purchased a new stake in FactSet Research Systems during the 2nd quarter valued at approximately $657,658,000. Bank of America Corp DE grew its holdings in FactSet Research Systems by 33.6% during the 1st quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock valued at $182,861,000 after buying an additional 212,022 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in FactSet Research Systems by 123.5% during 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 buying an additional 208,824 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of FactSet Research Systems by 27.1% during the third quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock valued at $83,213,000 after buying an additional 65,803 shares during 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 provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.