BMO Capital Markets Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

Key Points

• BMO Capital Markets raised its FactSet price target from $300 to $314 while maintaining a “market perform” rating, implying 6.83% upside from the prior close.
• FactSet reported quarterly earnings of $4.52 per share, beating estimates of $4.35, while revenue rose 6.3% year over year to $634.7 million.
• Analyst sentiment remains cautious: FactSet has a consensus “Reduce” rating and an average price target of $271.79, despite institutional investors owning 91.24% of the stock.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price hoisted by BMO Capital Markets from $300.00 to $314.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "market perform" rating on the business services provider's stock. BMO Capital Markets' price target would indicate a potential upside of 6.83% from the stock's previous close.

A number of other analysts also recently commented on FDS. Jefferies Financial Group upped their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $210.00 to $250.00 and gave the company an "underweight" rating in a report on Thursday, October 1st. William Blair upgraded shares of FactSet Research Systems from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 8th. Bank of America lifted their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an "underperform" rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company a "hold" rating in a report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $271.79.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded up $5.25 during midday trading on Tuesday, reaching $293.93. The company's stock had a trading volume of 168,288 shares, compared to its average volume of 934,932. The firm has a market capitalization of $10.45 billion, a PE ratio of 20.19, a P/E/G ratio of 1.61 and a beta of 0.77. FactSet Research Systems has a fifty-two week low of $185.00 and a fifty-two week high of $320.48. The stock's 50 day simple moving average is $284.67 and its 200 day simple moving average is $252.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping analysts' consensus estimates of $4.35 by $0.17. The business had revenue of $634.70 million for the quarter, compared to analysts' expectations of $629.83 million. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities research analysts forecast that FactSet Research Systems will post 19.63 earnings per share for the current year.

Institutional Investors Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDS. NorthCrest Asset Manangement LLC boosted its position in shares of FactSet Research Systems by 15.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,564 shares of the business services provider's stock worth $735,000 after buying an additional 351 shares during the period. GK Wealth Management LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at about $77,000. Wedmont Private Capital grew its stake in shares of FactSet Research Systems by 5.9% in the third quarter. Wedmont Private Capital now owns 1,983 shares of the business services provider's stock valued at $568,000 after buying an additional 111 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of FactSet Research Systems by 15.1% in the third quarter. GAMMA Investing LLC now owns 1,943 shares of the business services provider's stock valued at $525,000 after buying an additional 255 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of FactSet Research Systems by 14.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,512 shares of the business services provider's stock valued at $408,000 after buying an additional 189 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.

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