FactSet Research Systems (NYSE:FDS) Price Target Raised to $299.00

Key Points

• Deutsche Bank raised FactSet Research Systems’ price target from $280 to $299 while maintaining a “hold” rating, implying 14.76% upside from the prior close.
• Analyst sentiment remains cautious overall, with a consensus “Reduce” rating and average price target of $266.36; 10 analysts rate the stock “Hold” and six rate it “Sell.”
• FactSet reported quarterly EPS of $4.53, exceeding estimates of $4.44, while revenue rose 6.4% year over year to $622.92 million. Shares declined 0.9% to $260.54 in Friday trading.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price target lifted by equities researchers at Deutsche Bank Aktiengesellschaft from $280.00 to $299.00 in a report released on Friday, Benzinga reports. The firm presently has a "hold" rating on the business services provider's stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 14.76% from the company's previous close.

Other equities analysts have also issued reports about the company. Weiss Ratings upgraded FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 13th. William Blair upgraded FactSet Research Systems from a "market perform" rating to an "outperform" rating in a research report on Tuesday. BMO Capital Markets increased their price objective on FactSet Research Systems from $257.00 to $275.00 and gave the company a "market perform" rating in a research note on Thursday, July 2nd. Bank of America raised their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an "underperform" rating in a report on Thursday, July 2nd. Finally, Morgan Stanley lifted their target price on shares of FactSet Research Systems from $230.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Thursday. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $266.36.

FactSet Research Systems Trading Down 0.9%

NYSE:FDS traded down $2.39 during trading hours on Friday, reaching $260.54. The company's stock had a trading volume of 165,845 shares, compared to its average volume of 949,405. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.68 and a beta of 0.71. The firm has a 50-day simple moving average of $276.64 and a 200-day simple moving average of $242.63. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $370.98.

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

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock valued at $45,000 after purchasing an additional 64 shares in the last quarter. BOKF NA lifted its holdings in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider's stock worth $30,000 after buying an additional 102 shares during the period. Navalign LLC bought a new stake in FactSet Research Systems during the 4th quarter valued at approximately $32,000. Litman Gregory Wealth Management LLC purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of FactSet Research Systems during the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

About FactSet Research Systems

FactSet Research Systems Inc NYSE: FDS provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.

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