FactSet Research Systems (NYSE:FDS) Stock Gets Price Target Increase from Stifel Nicolaus

FactSet Research Systems (NYSE:FDS) had its price target raised by analysts at Stifel Nicolaus from $292.00 to $325.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus‘s price target would suggest a potential downside of 0.42% from the stock’s previous close.

FDS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, September 11th. Royal Bank Of Canada lifted their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. UBS Group reissued a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $250.00 to $290.00 and gave the company an “underweight” rating in a research report on Thursday, November 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $280.93.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $326.38 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. The stock’s 50-day moving average is $296.81 and its 200-day moving average is $252.63. FactSet Research Systems has a one year low of $185.00 and a one year high of $348.00.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $629.83 million. During the same period last year, the company earned $4.05 earnings per share. FactSet Research Systems’s quarterly revenue was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Equities analysts predict that FactSet Research Systems will post 19.63 earnings per share for the current fiscal year.

Institutional Trading of FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in FactSet Research Systems by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider’s stock valued at $506,000 after acquiring an additional 36 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of FactSet Research Systems by 31.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock worth $42,000 after purchasing an additional 43 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of FactSet Research Systems by 4.7% in the 2nd quarter. Empirical Finance LLC now owns 1,004 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 45 shares during the period. Midway Capital Research & Management raised its holdings in shares of FactSet Research Systems by 3.4% in the 3rd quarter. Midway Capital Research & Management now owns 1,366 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 45 shares during the period. Finally, Tema ETFs LLC raised its holdings in shares of FactSet Research Systems by 8.1% in the 2nd quarter. Tema ETFs LLC now owns 669 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 50 shares during the period. 91.24% of the stock is owned by institutional investors.

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.