FactSet Research Systems (NYSE:FDS) Price Target Raised to $321.00

Key Points

• Morgan Stanley raised its price target on FactSet Research Systems from $300 to $321, while maintaining an “equal weight” rating; the target implies 3.89% downside from the prior close.
• Analyst sentiment is cautious overall: MarketBeat reports a consensus “Reduce” rating and average price target of $282.43, with 10 Hold and six Sell ratings among the analysts listed.
• FactSet’s latest reported quarterly results beat expectations, with EPS of $4.52 versus $4.35 estimated and revenue of $634.7 million versus $629.83 million expected.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective increased by equities researchers at Morgan Stanley from $300.00 to $321.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's target price indicates a potential downside of 3.89% from the company's previous close.

Several other equities research analysts have also recently commented on the company. Weiss Ratings raised FactSet Research Systems from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. UBS Group reiterated a "buy" rating on shares of FactSet Research Systems in a report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on FactSet Research Systems from $240.00 to $304.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 27th. Barclays upped their target price on shares of FactSet Research Systems from $250.00 to $305.00 and gave the company an "underweight" rating in a research note on Friday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised 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 analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of "Reduce" and a consensus price target of $282.43.

FactSet Research Systems Stock Up 2.5%

NYSE FDS traded up $8.00 during mid-day trading on Wednesday, reaching $333.98. The stock had a trading volume of 136,174 shares, compared to its average volume of 917,918. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $348.00. The stock has a market cap of $11.78 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. The company has a fifty day moving average price of $296.81 and a 200 day moving average price of $252.63. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.60.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FDS. Jacobi Capital Management LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $35,000. USA Financial Formulas purchased a new position in shares of FactSet Research Systems in the third quarter worth approximately $38,000. Parkside Financial Bank & Trust boosted its holdings in shares of FactSet Research Systems by 31.2% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider's stock worth $42,000 after buying an additional 43 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in FactSet Research Systems during the third quarter valued at approximately $48,000. Finally, State of Wyoming bought a new stake in FactSet Research Systems during the first quarter valued at approximately $51,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.

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