Evercore ISI Has Lowered Expectations for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target cut by investment analysts at Evercore ISI from $394.00 to $328.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “in-line” rating on the business services provider’s stock. Evercore ISI’s price target suggests a potential upside of 13.39% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. UBS Group reissued a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Morgan Stanley boosted their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research report on Friday, June 20th. Rothschild & Co Redburn upgraded shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $415.00 to $370.00 in a report on Friday, September 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Raymond James Financial upgraded shares of FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Eight investment analysts have rated the stock with a Hold rating and four 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 $364.60.

FactSet Research Systems Stock Down 4.0%

Shares of NYSE:FDS opened at $289.26 on Friday. The company has a fifty day moving average of $384.37 and a 200-day moving average of $419.84. The company has a market capitalization of $10.94 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. FactSet Research Systems has a 52-week low of $288.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The company had revenue of $596.90 million for the quarter, compared to analyst estimates of $593.32 million. During the same quarter last year, the company posted $3.74 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 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 other news, EVP Christopher R. Ellis sold 7,606 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the sale, the executive vice president owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief accounting officer owned 44 shares of the company’s stock, valued at approximately $19,474.40. The trade was a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Large investors have recently modified their holdings of the stock. SouthState Corp boosted its holdings in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after buying an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in FactSet Research Systems by 4,200.0% in the 1st 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 during the period. Cullen Frost Bankers Inc. boosted its holdings in FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock worth $39,000 after buying an additional 86 shares during the period. WPG Advisers LLC bought a new position in FactSet Research Systems in the 1st quarter worth approximately $41,000. Finally, Generali Investments Management Co LLC bought a new position in FactSet Research Systems in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.