FactSet Research Systems (NYSE:FDS) Given New $304.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised FactSet’s price target from $240 to $304 while maintaining a “sector perform” rating, implying just 0.32% upside from the prior close.
• Analyst sentiment remains mixed, with FactSet carrying an average “Reduce” rating and a consensus price target of $257.57; ratings include one Strong Buy, one Buy, ten Holds and six Sells.
• FactSet shares rose 2.6% to $303.04 after the company reported quarterly EPS of $4.53, beating estimates by $0.09, while revenue of $622.92 million increased 6.4% year over year.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price target lifted by analysts at Royal Bank Of Canada from $240.00 to $304.00 in a report released on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the business services provider's stock. Royal Bank Of Canada's price target indicates a potential upside of 0.32% from the stock's previous close.

FDS has been the subject of several other reports. BMO Capital Markets increased their price target on FactSet Research Systems from $257.00 to $275.00 and gave the stock a "market perform" rating in a report on Thursday, July 2nd. Barclays lifted their price objective on FactSet Research Systems from $210.00 to $216.00 and gave the company an "underweight" rating in a report on Monday, July 6th. Rothschild & Co Redburn cut FactSet Research Systems from a "neutral" rating to a "sell" rating and set a $215.00 target price for the company. in a research note on Thursday, June 18th. UBS Group restated a "buy" rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and a consensus price target of $257.57.

FactSet Research Systems Trading Up 2.6%

Shares of NYSE FDS traded up $7.59 during midday trading on Thursday, reaching $303.04. 93,541 shares of the stock were exchanged, compared to its average volume of 949,340. The business has a 50-day simple moving average of $260.88 and a two-hundred day simple moving average of $235.01. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.99 and a beta of 0.70. FactSet Research Systems has a 12 month low of $185.00 and a 12 month high of $381.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts' consensus estimates of $4.44 by $0.09. The business had revenue of $622.92 million during the quarter, compared to analysts' expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, equities research analysts expect that FactSet Research Systems will post 17.76 EPS for the current year.

Hedge Funds Weigh In On FactSet Research Systems

A number of large investors have recently modified their holdings of FDS. Northwestern Mutual Wealth Management Co. increased its position in shares of FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider's stock worth $4,021,376,000 after purchasing an additional 13,854,613 shares during the last quarter. California State Teachers Retirement System raised its position in shares of FactSet Research Systems by 22,745.3% in the second quarter. California State Teachers Retirement System now owns 9,725,942 shares of the business services provider's stock valued at $2,237,745,000 after purchasing an additional 9,683,369 shares during the period. Bamco Inc. NY bought a new position in FactSet Research Systems in the 2nd quarter valued at about $966,533,000. BlackRock Inc. acquired a new stake in FactSet Research Systems during the 2nd quarter worth approximately $657,658,000. Finally, State Street Corp lifted its holdings in shares of FactSet Research Systems by 1.2% during the third quarter. State Street Corp now owns 1,961,231 shares of the business services provider's stock worth $561,873,000 after buying an additional 23,660 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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