FactSet Research Systems Inc. (NYSE:FDS – Get Free Report)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $323.39, but opened at $307.03. FactSet Research Systems shares last traded at $308.7930, with a volume of 11,034 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. Bank of America lifted their price target on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada upped their price target 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. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $300.00 to $314.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 13th. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $271.79.
Check Out Our Latest Stock Analysis on FactSet Research Systems
FactSet Research Systems Stock Up 2.2%
The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $291.89 and a 200 day simple moving average of $250.86. The company has a market cap of $11.27 billion, a P/E ratio of 21.94, a P/E/G ratio of 1.75 and a beta of 0.77.
FactSet Research Systems (NYSE:FDS – Get Free Report) last released its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.17. The business had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities analysts anticipate that FactSet Research Systems Inc. will post 19.63 EPS for the current year.
FactSet Research Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 31st were issued a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.5%. FactSet Research Systems’s payout ratio is presently 31.87%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its position in shares of FactSet Research Systems by 1.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider’s stock worth $506,000 after purchasing an additional 36 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in 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 buying an additional 43 shares during the last quarter. Empirical Finance LLC increased its position in FactSet Research Systems by 4.7% during the 2nd quarter. Empirical Finance LLC now owns 1,004 shares of the business services provider’s stock valued at $231,000 after buying an additional 45 shares in the last quarter. Midway Capital Research & Management increased its position in FactSet Research Systems by 3.4% during the 3rd quarter. Midway Capital Research & Management now owns 1,366 shares of the business services provider’s stock valued at $369,000 after buying an additional 45 shares in the last quarter. Finally, Lafayette Investments Inc. increased its position in FactSet Research Systems by 1.1% during the 1st quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock valued at $982,000 after buying an additional 49 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.
The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.
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