FactSet Research Systems (NYSE:FDS) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of FactSet Research Systems (NYSE:FDS) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

FDS has been the subject of a number of other reports. Rothschild & Co Redburn raised shares of FactSet Research Systems from a “sell” rating to a “neutral” rating and cut their target price for the company from $415.00 to $370.00 in a report on Friday, September 12th. Wells Fargo & Company cut their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating for the company in a report on Friday, September 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Huber Research raised shares of FactSet Research Systems to a “strong sell” rating in a report on Friday, September 19th. Finally, BMO Capital Markets cut their target price on shares of FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average price target of $359.10.

FactSet Research Systems Trading Down 0.8%

FactSet Research Systems stock opened at $283.77 on Tuesday. The stock has a market cap of $10.73 billion, a P/E ratio of 18.25, a PEG ratio of 2.11 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.47. FactSet Research Systems has a 1 year low of $282.01 and a 1 year high of $499.87. The firm’s 50 day moving average price is $372.48 and its 200-day moving average price is $415.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data 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). The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 EPS. 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 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 29th. FactSet Research Systems’s payout ratio is presently 28.30%.

Insider Activity

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction 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 transaction, the director directly owned 4,461 shares of the company’s stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Mcloughlin acquired 338 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were purchased at an average cost of $296.19 per share, with a total value of $100,112.22. Following the completion of the purchase, the insider directly owned 3,446 shares of the company’s stock, valued at $1,020,670.74. This trade represents a 10.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

A number of large investors have recently made changes to their positions in FDS. SouthState Corp boosted its stake 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 valued at $27,000 after purchasing an additional 56 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $39,000 after purchasing an additional 84 shares during the period. Cullen Frost Bankers Inc. boosted 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 purchasing an additional 86 shares during the period. WPG Advisers LLC purchased a new stake in shares of FactSet Research Systems during the first quarter valued at $41,000. Finally, Generali Investments Management Co LLC purchased a new stake in shares of FactSet Research Systems during the second quarter valued at $42,000. 91.24% of the stock is owned by hedge funds and other 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.