FactSet Research Systems (NYSE:FDS) Price Target Raised to $250.00 at Barclays

Key Points

• Barclays raised its FactSet price target from $216 to $250 but maintained an “underweight” rating, implying roughly 15% downside from the prior close.
• Analyst sentiment remains cautious: FactSet has an average “Reduce” rating and a consensus price target of $260, with most analysts rating the stock Hold or Sell.
• FactSet exceeded quarterly expectations, reporting $4.53 in earnings per share versus $4.44 expected and $622.92 million in revenue; sales increased 6.4% year over year.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price increased by stock analysts at Barclays from $216.00 to $250.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "underweight" rating on the business services provider's stock. Barclays's price target would suggest a potential downside of 15.02% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on FDS. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $200.00 to $210.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. The Goldman Sachs Group cut shares of FactSet Research Systems from a "sell" rating to an "underweight" rating in a research note on Thursday, June 18th. Jefferies Financial Group raised their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a report on Thursday, July 2nd. Rothschild & Co Redburn cut shares of 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. Finally, Bank of America increased their price target on FactSet Research Systems from $205.00 to $210.00 and gave the stock an "underperform" rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems has an average rating of "Reduce" and an average price target of $260.00.

FactSet Research Systems Trading Down 2.6%

FDS stock opened at $294.17 on Tuesday. FactSet Research Systems has a 1-year low of $185.00 and a 1-year high of $375.50. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The business's 50 day moving average is $274.53 and its 200-day moving average is $240.95. The firm has a market cap of $10.46 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.82 and a beta of 0.71.

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

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its holdings in shares of FactSet Research Systems by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider's stock valued at $3,071,000 after purchasing an additional 30 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in FactSet Research Systems by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider's stock worth $506,000 after buying an additional 36 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in FactSet Research Systems by 31.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider's stock valued at $42,000 after buying an additional 43 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in FactSet Research Systems by 2.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider's stock valued at $798,000 after buying an additional 48 shares during the last quarter. Finally, Lafayette Investments Inc. increased its stake in shares of FactSet Research Systems by 1.1% in the 1st quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider's stock valued at $982,000 after buying an additional 49 shares during the period. 91.24% of the stock is owned by institutional investors.

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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