Rothschild & Co Redburn Upgrades FactSet Research Systems (NYSE:FDS) to Neutral

FactSet Research Systems (NYSE:FDS) was upgraded by analysts at Rothschild & Co Redburn from a “sell” rating to a “neutral” rating in a research note issued on Friday, Marketbeat reports. The brokerage presently has a $370.00 price target on the business services provider’s stock, down from their prior price target of $415.00. Rothschild & Co Redburn’s price objective would suggest a potential upside of 2.10% from the stock’s previous close.

FDS has been the topic of a number of other reports. Evercore ISI decreased their price objective on FactSet Research Systems from $448.00 to $394.00 and set an “in-line” rating on the stock in a report on Wednesday. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Wells Fargo & Company dropped their target price on FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating on the stock in a report on Friday, September 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, BMO Capital Markets increased 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. Eight equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, FactSet Research Systems has a consensus rating of “Reduce” and a consensus price target of $424.44.

FactSet Research Systems Stock Down 2.2%

FDS stock opened at $362.41 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.70 billion, a PE ratio of 26.19, a PEG ratio of 2.31 and a beta of 0.84. FactSet Research Systems has a twelve month low of $360.82 and a twelve month high of $499.87. The stock has a 50-day simple moving average of $396.77 and a two-hundred day simple moving average of $424.34.

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

Insider Transactions at FactSet Research Systems

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

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. Cetera Investment Advisers raised its position in shares of FactSet Research Systems by 6.9% in the 4th quarter. Cetera Investment Advisers now owns 5,596 shares of the business services provider’s stock worth $2,688,000 after acquiring an additional 362 shares in the last quarter. Focus Partners Wealth raised its position in shares of FactSet Research Systems by 88.7% in the 4th quarter. Focus Partners Wealth now owns 3,318 shares of the business services provider’s stock worth $1,619,000 after acquiring an additional 1,560 shares in the last quarter. Millennium Management LLC raised its position in shares of FactSet Research Systems by 24.2% in the 4th quarter. Millennium Management LLC now owns 69,609 shares of the business services provider’s stock worth $33,432,000 after acquiring an additional 13,549 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of FactSet Research Systems by 11.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,687 shares of the business services provider’s stock worth $810,000 after acquiring an additional 167 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in FactSet Research Systems during the 4th quarter worth $603,000. 91.24% of the stock is owned by institutional investors.

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.