FactSet Research Systems (NYSE:FDS) Stock Rating Upgraded by Rothschild Redb

FactSet Research Systems (NYSE:FDS) was upgraded by stock analysts at Rothschild Redb from a “strong sell” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Several other research firms have also recently weighed in on FDS. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research report on Friday, June 20th. Evercore ISI decreased their price objective on shares of FactSet Research Systems from $448.00 to $394.00 and set an “in-line” rating for the company in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating on the stock in a research note on Friday, September 5th. Royal Bank Of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Finally, UBS Group reissued a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems has an average rating of “Reduce” and a consensus price target of $424.44.

FactSet Research Systems Trading Down 2.2%

Shares of NYSE FDS opened at $362.41 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems has a 52-week low of $360.82 and a 52-week high of $499.87. The firm has a 50 day moving average price of $396.77 and a two-hundred day moving average price of $424.34. The stock has a market cap of $13.70 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84.

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

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James J. Mcgonigle sold 2,925 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 4,461 shares in the company, valued at $2,013,650.79. The trade was a 39.60% 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 valued at $5,825,481 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SouthState Corp raised its position in FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after acquiring an additional 56 shares during the period. Caitong International Asset Management Co. Ltd raised its position in FactSet Research Systems by 4,200.0% in 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 period. Cullen Frost Bankers Inc. raised its position 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 acquiring an additional 86 shares during the period. WPG Advisers LLC bought a new stake in FactSet Research Systems in the first quarter worth about $41,000. Finally, Bank of Jackson Hole Trust raised its position in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock worth $44,000 after acquiring an additional 62 shares during the period. 91.24% of the stock is owned by 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.