FactSet Research Systems (NYSE:FDS) Given New $195.00 Price Target at Wells Fargo & Company

FactSet Research Systems (NYSE:FDS) had its target price trimmed by Wells Fargo & Company from $215.00 to $195.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

Several other brokerages have also commented on FDS. Royal Bank Of Canada restated a “sector perform” rating and issued a $320.00 price objective on shares of FactSet Research Systems in a report on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a research note on Monday, December 29th. The Goldman Sachs Group lowered their price objective on shares of FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating for the company in a report on Friday, December 19th. Zacks Research upgraded FactSet Research Systems from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, BMO Capital Markets lowered their target price on FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating for the company in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $298.54.

FactSet Research Systems Trading Down 7.7%

FDS opened at $189.86 on Tuesday. FactSet Research Systems has a one year low of $185.00 and a one year high of $474.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50 day simple moving average of $268.33 and a two-hundred day simple moving average of $297.42. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.88 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The firm had revenue of $607.62 million for the quarter, compared to analysts’ expectations of $599.69 million. During the same period in the previous year, the firm earned $4.37 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems announced that its board has approved a share repurchase program on Thursday, December 18th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 27th will be paid a $1.10 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.3%. FactSet Research Systems’s dividend payout ratio is presently 27.99%.

Insider Activity

In related news, Director Laurie Siegel sold 2,572 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total value of $761,955.00. Following the transaction, the director owned 1,037 shares in the company, valued at $307,211.25. The trade was a 71.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Malcolm Frank sold 2,572 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $295.70, for a total transaction of $760,540.40. Following the completion of the transaction, the director owned 879 shares in the company, valued at approximately $259,920.30. The trade was a 74.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently made changes to their positions in FDS. Cullen Frost Bankers Inc. raised its stake in shares of 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 purchasing an additional 86 shares during the last quarter. First Horizon Corp bought a new stake in FactSet Research Systems in the 3rd quarter worth about $25,000. Cromwell Holdings LLC purchased a new position in FactSet Research Systems in the 4th quarter worth about $26,000. WPG Advisers LLC lifted its stake in FactSet Research Systems by 76.9% during the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the period. Finally, Generali Investments Management Co LLC purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at about $42,000. Institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.