FactSet Research Systems (NYSE:FDS – Get Free Report) had its target price lifted by investment analysts at Royal Bank Of Canada from $240.00 to $304.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 0.32% from the company’s previous close.
A number of other analysts have also recently commented on FDS. Deutsche Bank Aktiengesellschaft upped their price target on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Bank of America boosted their price objective on FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a research note on Thursday, July 2nd. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Barclays raised their target price on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Finally, Weiss Ratings upgraded FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $257.57.
Read Our Latest Analysis on FDS
FactSet Research Systems Trading Up 2.6%
FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The company had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. During the same period in the prior year, the firm posted $4.27 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Equities research analysts anticipate that FactSet Research Systems will post 17.76 EPS for the current fiscal year.
Hedge Funds Weigh In On FactSet Research Systems
Hedge funds have recently added to or reduced their stakes in the stock. BOKF NA boosted its position in shares of FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Navalign LLC purchased a new stake in FactSet Research Systems in the 4th quarter valued at $32,000. Litman Gregory Wealth Management LLC purchased a new stake in FactSet Research Systems in the 4th quarter valued at $32,000. Elyxium Wealth LLC bought a new position in FactSet Research Systems during the 4th quarter valued at $35,000. Finally, Geneos Wealth Management Inc. lifted its stake in FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds 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.
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