BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $305.00

FactSet Research Systems (NYSE:FDS) had its price objective trimmed by BMO Capital Markets from $311.00 to $305.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a market perform rating on the business services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Monday, December 15th. Huber Research upgraded FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, December 19th. Jefferies Financial Group reiterated a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a research report on Friday, December 19th. The Goldman Sachs Group reduced their target price on shares of FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating for the company in a research note on Friday, December 19th. Finally, Stifel Nicolaus lowered their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and a consensus price target of $313.17.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $290.09 on Monday. FactSet Research Systems has a 52 week low of $250.50 and a 52 week high of $493.00. The company’s 50 day moving average price is $279.39 and its two-hundred day moving average price is $344.22. The stock has a market cap of $10.86 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.65 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.36 by $0.15. The company had revenue of $607.62 million during the quarter, compared to the consensus estimate of $599.69 million. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.FactSet Research Systems’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $4.37 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities analysts predict that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 28th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.40 annualized dividend and a yield of 1.5%. FactSet Research Systems’s payout ratio is currently 27.99%.

FactSet Research Systems declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 18th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at FactSet Research Systems

In other news, EVP Goran Skoko purchased 500 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $252.93 per share, with a total value of $126,465.00. Following the acquisition, the executive vice president directly owned 9,192 shares in the company, valued at approximately $2,324,932.56. This trade represents a 5.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Helen L. Shan purchased 370 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was purchased at an average cost of $275.48 per share, for a total transaction of $101,927.60. Following the acquisition, the executive vice president owned 9,284 shares of the company’s stock, valued at approximately $2,557,556.32. This trade represents a 4.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp increased its holdings in shares of FactSet Research Systems by 0.5% in the second quarter. Truist Financial Corp now owns 22,313 shares of the business services provider’s stock worth $9,980,000 after purchasing an additional 114 shares during the last quarter. Vest Financial LLC boosted its stake in FactSet Research Systems by 8.8% during the second quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock valued at $56,145,000 after buying an additional 10,172 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in FactSet Research Systems by 8.8% during the 2nd quarter. PineStone Asset Management Inc. now owns 380,459 shares of the business services provider’s stock valued at $170,172,000 after buying an additional 30,881 shares in the last quarter. State of Alaska Department of Revenue increased its stake in FactSet Research Systems by 14.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,690 shares of the business services provider’s stock worth $6,569,000 after acquiring an additional 1,810 shares during the last quarter. Finally, J. W. Coons Advisors LLC raised its holdings in shares of FactSet Research Systems by 139.8% during the 2nd quarter. J. W. Coons Advisors LLC now owns 3,465 shares of the business services provider’s stock worth $1,550,000 after acquiring an additional 2,020 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 operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.