FactSet Research Systems (NYSE:FDS) Price Target Cut to $394.00 by Analysts at Evercore ISI

FactSet Research Systems (NYSE:FDS) had its price objective trimmed by Evercore ISI from $448.00 to $394.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an in-line rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lifted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an “underweight” rating in a report on Friday, June 20th. BMO Capital Markets raised their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a “market perform” rating in a report on Friday, June 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research report on Thursday, June 26th. Finally, UBS Group reiterated a “neutral” rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $431.25.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $362.21 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.70 billion, a PE ratio of 26.17, a P/E/G ratio of 2.33 and a beta of 0.84. FactSet Research Systems has a 12 month low of $360.82 and a 12 month high of $499.87. The stock has a 50-day moving average price of $400.04 and a two-hundred day moving average price of $425.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.03). The firm had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 earnings per share. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Analysts expect that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

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

Insider Buying and Selling

In related news, EVP Christopher R. Ellis sold 7,606 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares of the company’s stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of the firm’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock worth $5,825,481 in the last 90 days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently bought and sold shares of FDS. SouthState Corp lifted its position in FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in 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 acquiring an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of FactSet Research Systems by 4,300.0% during the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock valued at $39,000 after buying an additional 86 shares during the last quarter. WPG Advisers LLC bought a new position in shares of FactSet Research Systems during the first quarter valued at approximately $41,000. Finally, Generali Investments Management Co LLC bought a new position in shares of FactSet Research Systems during the second quarter valued at approximately $42,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

About FactSet Research Systems

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.