Wells Fargo & Company Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price objective increased by Wells Fargo & Company from $195.00 to $200.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

A number of other brokerages have also commented on FDS. Bank of America initiated coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 target price for the company. Stifel Nicolaus cut their price target on FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating on the stock in a report on Friday, December 19th. Raymond James Financial reissued a “market perform” rating on shares of FactSet Research Systems in a research note on Thursday, December 18th. Evercore boosted their price objective on FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a report on Thursday, January 8th. Finally, Barclays lowered their target price on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $279.85.

FactSet Research Systems Trading Up 3.7%

NYSE:FDS opened at $224.92 on Wednesday. FactSet Research Systems has a 12 month low of $185.00 and a 12 month high of $474.79. The company has a current ratio of 1.43, a quick ratio of 1.54 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 2.21 and a beta of 0.73. The firm has a fifty day simple moving average of $217.92 and a two-hundred day simple moving average of $261.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.09. The firm had revenue of $611.02 million for the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.28 earnings per share. Analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 27th were paid a $1.10 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.0%. FactSet Research Systems’s dividend payout ratio is presently 27.99%.

FactSet Research Systems announced that its Board of Directors has approved a stock buyback plan on Thursday, December 18th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the business services provider to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at FactSet Research Systems

In related news, Director Laurie Siegel sold 2,572 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the transaction, the director directly owned 1,037 shares of the company’s stock, valued at $307,211.25. This trade represents a 71.27% 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 Malcolm Frank sold 2,572 shares of the business’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 transaction, the director owned 879 shares in the company, valued at approximately $259,920.30. This trade represents a 74.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the business. First Horizon Corp bought a new stake in FactSet Research Systems during the third quarter worth $25,000. Cromwell Holdings LLC bought a new position in FactSet Research Systems in the 4th quarter valued at $26,000. WPG Advisers LLC grew its stake in FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 40 shares during the period. Winnow Wealth LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at $28,000. Finally, Field & Main Bank purchased a new stake in shares of FactSet Research Systems during the 4th quarter valued at $29,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems News Roundup

Here are the key news stories impacting FactSet Research Systems this week:

• Positive Sentiment: Q2 results: FactSet reported beat-sized non-GAAP results (EPS $4.46 vs consensus $4.37) and revenue of $611M (up 7.1% Y/Y), with management providing supporting materials (press release/slide deck). This earnings beat and steady organic ASV growth are the primary catalysts lifting the stock. Read More.
• Positive Sentiment: Valuation/rebound commentary: Several pieces argue FactSet’s valuation looks attractive after a multiyear share decline and that fundamentals could support a rebound, which likely boosted buyer interest. Read More.
• Neutral Sentiment: Analyst nuance: UBS cut its price target from $425 to $380 but kept a “buy” rating — signaling continued conviction in longer-term upside despite lowering near-term expectations. Read More.
• Neutral Sentiment: Earnings call / transcripts show mixed details (some GAAP vs non‑GAAP nuances and line-item commentary) that investors are parsing for forward guidance and contract trends. Conference call transcripts and slide deck provide deeper context. Read More.
• Negative Sentiment: Goldman Sachs lowered its price target to $217 and moved to a “sell” rating, signaling short-term downside risk and adding selling pressure among institutional holders. Read More.
• Negative Sentiment: Wells Fargo raised its PT slightly to $200 but retained an “underweight” stance, reinforcing cautious sentiment from some sell-side desks and limiting upside momentum. Read More.

FactSet Research Systems Company Profile

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.