Royal Bank Of Canada Cuts FactSet Research Systems (NYSE:FDS) Price Target to $243.00

FactSet Research Systems (NYSE:FDS) had its price target dropped by equities researchers at Royal Bank Of Canada from $320.00 to $243.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 18.21% from the company’s previous close.

A number of other brokerages have also issued reports on FDS. Wells Fargo & Company decreased their target price on FactSet Research Systems from $215.00 to $195.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group cut their price target on shares of FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating for the company in a report on Friday, December 19th. Bank of America began coverage on shares of FactSet Research Systems in a report on Tuesday, February 17th. They set an “underperform” rating and a $195.00 price objective on the stock. Raymond James Financial reiterated a “market perform” rating on shares of FactSet Research Systems in a research report on Thursday, December 18th. Finally, Huber Research raised shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $285.69.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock traded down $3.43 on Wednesday, hitting $205.58. The company’s stock had a trading volume of 33,012 shares, compared to its average volume of 944,082. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 1.54. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $474.79. The firm has a fifty day moving average price of $236.51 and a 200-day moving average price of $273.54. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.75.

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

FactSet Research Systems declared that its board has authorized a stock buyback program on Thursday, December 18th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $295.70, for a total transaction of $760,540.40. Following the transaction, the director owned 879 shares of the company’s stock, valued at approximately $259,920.30. The trade was a 74.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel sold 2,572 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $296.25, for a total value of $761,955.00. Following the completion of the sale, the director owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was a 71.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds have recently modified their holdings of FDS. Northwestern Mutual Wealth Management Co. raised its stake in FactSet Research Systems by 444,058.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after purchasing an additional 13,854,613 shares during the period. Vanguard Group Inc. grew its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 4,932,382 shares of the business services provider’s stock valued at $1,413,078,000 after buying an additional 107,184 shares during the period. Bamco Inc. NY increased its holdings in shares of FactSet Research Systems by 58.8% during the 4th quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after buying an additional 1,069,786 shares during the last quarter. State Street Corp increased its holdings in shares of FactSet Research Systems by 1.2% during the 3rd quarter. State Street Corp now owns 1,961,231 shares of the business services provider’s stock worth $561,873,000 after buying an additional 23,660 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of FactSet Research Systems by 1.6% during the 2nd quarter. Loomis Sayles & Co. L P now owns 1,508,052 shares of the business services provider’s stock valued at $674,522,000 after buying an additional 23,900 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.