Research Analysts’ Recent Ratings Changes for FactSet Research Systems (FDS)

A number of firms have modified their ratings and price targets on shares of FactSet Research Systems (NYSE: FDS) recently:

  • 12/23/2024 – FactSet Research Systems had its price target lowered by analysts at BMO Capital Markets from $521.00 to $518.00. They now have a “market perform” rating on the stock.
  • 12/20/2024 – FactSet Research Systems had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $503.00 price target on the stock.
  • 12/20/2024 – FactSet Research Systems had its price target raised by analysts at Stifel Nicolaus from $469.00 to $493.00. They now have a “hold” rating on the stock.
  • 12/12/2024 – FactSet Research Systems had its price target raised by analysts at Morgan Stanley from $373.00 to $409.00. They now have an “underweight” rating on the stock.
  • 11/15/2024 – FactSet Research Systems had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $503.00 price target on the stock.
  • 11/15/2024 – FactSet Research Systems had its price target raised by analysts at UBS Group AG from $485.00 to $525.00. They now have a “neutral” rating on the stock.
  • 11/15/2024 – FactSet Research Systems had its price target raised by analysts at BMO Capital Markets from $471.00 to $521.00. They now have a “market perform” rating on the stock.

FactSet Research Systems Stock Up 0.4 %

FactSet Research Systems stock opened at $491.35 on Wednesday. The stock’s fifty day moving average is $478.45 and its two-hundred day moving average is $444.61. The stock has a market cap of $18.67 billion, a PE ratio of 35.35, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. The firm had revenue of $568.70 million during the quarter, compared to analysts’ expectations of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.12 earnings per share. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.82%.

Insider Activity

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at approximately $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,984 shares of company stock valued at $10,981,107. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC lifted its position in FactSet Research Systems by 1.1% in the third quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after purchasing an additional 1,260 shares during the period. Geode Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Jensen Investment Management Inc. boosted its stake in shares of FactSet Research Systems by 11.6% in the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after buying an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in FactSet Research Systems by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock worth $41,367,000 after acquiring an additional 1,699 shares during the period. Finally, Intech Investment Management LLC grew its holdings in FactSet Research Systems by 29.4% during the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock worth $5,588,000 after acquiring an additional 2,764 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.

Further Reading

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