FactSet Research Systems (NYSE:FDS) Stock Price Target Raised at Barclays

Key Points

• Barclays raised its FactSet price target to $305 from $250 but maintained an “underweight” rating, implying 6.68% downside from the prior close.
• Analyst sentiment remains cautious overall: FactSet’s consensus rating is “Reduce,” with an average price target of $278.57; 10 analysts rate it Hold and six rate it Sell.
• FactSet beat quarterly estimates, reporting EPS of $4.52 versus $4.35 expected and revenue of $634.7 million versus $629.83 million expected. Revenue increased 6.3% year over year.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price raised by stock analysts at Barclays from $250.00 to $305.00 in a report issued on Friday, Benzinga reports. The firm presently has an "underweight" rating on the business services provider's stock. Barclays's price objective indicates a potential downside of 6.68% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings raised shares of FactSet Research Systems from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. UBS Group reiterated a "buy" rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. William Blair raised shares of FactSet Research Systems from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company a "hold" rating in a research report on Friday, September 11th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an "equal weight" rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and a consensus target price of $278.57.

FactSet Research Systems Stock Performance

Shares of FDS traded down $13.65 during mid-day trading on Friday, hitting $326.82. The stock had a trading volume of 107,171 shares, compared to its average volume of 920,114. The firm has a market cap of $11.52 billion, a P/E ratio of 22.45, a PEG ratio of 1.92 and a beta of 0.69. The business has a fifty day moving average price of $295.77 and a 200-day moving average price of $251.98. 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 has a 52 week low of $185.00 and a 52 week high of $348.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in FactSet Research Systems by 0.5% during the 3rd quarter. Fifth Third Bancorp now owns 12,100 shares of the business services provider's stock valued at $3,266,000 after purchasing an additional 62 shares during the last quarter. Banyan Capital Management Inc. purchased a new position in shares of FactSet Research Systems during the third quarter valued at about $10,026,000. Maryland State Retirement & Pension System raised its position in shares of FactSet Research Systems by 12.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,106 shares of the business services provider's stock worth $569,000 after acquiring an additional 233 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of FactSet Research Systems by 99.0% in the 3rd quarter. Ritholtz Wealth Management now owns 3,250 shares of the business services provider's stock valued at $877,000 after purchasing an additional 1,617 shares during the period. Finally, Jacobi Capital Management LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.

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