FactSet Research Systems (NYSE:FDS) Hits New 12-Month Low After Analyst Downgrade

FactSet Research Systems Inc. (NYSE:FDS) shares reached a new 52-week low during mid-day trading on Wednesday after Evercore ISI lowered their price target on the stock from $448.00 to $394.00. Evercore ISI currently has an in-line rating on the stock. FactSet Research Systems traded as low as $361.98 and last traded at $363.09, with a volume of 91888 shares. The stock had previously closed at $372.86.

Several other equities research analysts have also recently issued reports on FDS. Royal Bank Of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley raised their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Wells Fargo & Company cut their price target on shares of FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating on the stock in a report on Friday, September 5th. UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, BMO Capital Markets raised their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a “market perform” rating in a report on Friday, June 20th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $431.25.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares of the company’s stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company’s stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently made changes to their positions in FDS. SouthState Corp grew its position in shares of FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after buying an additional 84 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in FactSet Research Systems by 4,300.0% in the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after purchasing an additional 86 shares during the period. WPG Advisers LLC acquired a new position in FactSet Research Systems in the first quarter worth $41,000. Finally, Generali Investments Management Co LLC acquired a new position in FactSet Research Systems in the second quarter worth $42,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 2.9%

The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.33 and a beta of 0.84. The business’s fifty day simple moving average is $400.04 and its 200 day simple moving average is $425.87. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. FactSet Research Systems’s payout ratio is currently 31.79%.

FactSet Research Systems Company Profile

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.