FactSet Research Systems (NYSE:FDS – Get Free Report) had its price objective increased by Barclays from $250.00 to $305.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “underweight” rating on the business services provider’s stock. Barclays‘s target price suggests a potential downside of 6.68% from the stock’s current price.
Several other research firms also recently commented on FDS. Weiss Ratings raised FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Royal Bank Of Canada increased 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 research report on Thursday, August 27th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research note on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a report on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $278.57.
Get Our Latest Research Report on FDS
FactSet Research Systems Stock Down 4.0%
NYSE FDS traded down $13.65 during trading hours on Friday, reaching $326.82. 107,171 shares of the company’s stock traded hands, compared to its average volume of 920,114. FactSet Research Systems has a 52-week low of $185.00 and a 52-week high of $348.00. 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 50-day simple moving average of $295.77 and a 200 day simple moving average of $251.98. The firm has a market cap of $11.52 billion, a PE ratio of 22.45, a PEG ratio of 1.92 and a beta of 0.69.
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The business had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. During the same quarter in the prior year, the company earned $4.05 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Sell-side analysts anticipate that FactSet Research Systems will post 19.63 EPS for the current fiscal year.
Hedge Funds Weigh In On FactSet Research Systems
Hedge funds have recently bought and sold shares of the business. Bamco Inc. NY purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $966,533,000. BlackRock Inc. bought a new stake in shares of FactSet Research Systems in the second quarter worth approximately $657,658,000. Bank of America Corp DE grew its stake in shares of FactSet Research Systems by 33.6% in the first quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after acquiring an additional 212,022 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of FactSet Research Systems by 123.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock valued at $82,006,000 after purchasing an additional 208,824 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of FactSet Research Systems by 27.1% during the third quarter. Boston Trust Walden Corp now owns 308,252 shares of the business services provider’s stock valued at $83,213,000 after purchasing an additional 65,803 shares during the last quarter. Hedge funds and other 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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