Morgan Stanley Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

Key Points

• Morgan Stanley raised its price target for FactSet Research Systems from $230 to $300 while maintaining an “equal weight” rating, implying 8.84% potential upside.
• FactSet shares fell 1.3% to $275.62. The company recently exceeded quarterly expectations, reporting $4.53 in EPS and $622.92 million in revenue, with revenue up 6.4% year over year.
• Analyst sentiment remains cautious overall: MarketBeat reports a consensus “Reduce” rating and an average price target of $265, while institutional investors own 91.24% of the stock.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective hoisted by equities researchers at Morgan Stanley from $230.00 to $300.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's price target would suggest a potential upside of 8.84% from the stock's current price.

FDS has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an "underweight" rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FactSet Research Systems from $275.00 to $280.00 and gave the stock a "hold" rating in a research note on Thursday, July 2nd. William Blair raised shares of FactSet Research Systems from a "market perform" rating to an "outperform" rating in a report on Tuesday. Jefferies Financial Group increased their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Finally, UBS Group reiterated a "buy" rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $265.00.

FactSet Research Systems Stock Down 1.3%

Shares of FDS stock traded down $3.55 during trading hours on Thursday, hitting $275.62. 216,695 shares of the company were exchanged, compared to its average volume of 946,579. FactSet Research Systems has a 52 week low of $185.00 and a 52 week high of $370.98. 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 has a 50 day moving average of $276.41 and a two-hundred day moving average of $242.16. The company has a market capitalization of $9.80 billion, a PE ratio of 18.16, a PEG ratio of 1.74 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The company had revenue of $622.92 million during the quarter, compared to analysts' expectations of $617.91 million. During the same quarter last year, the company earned $4.27 EPS. FactSet Research Systems's revenue for the quarter was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. 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 hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position 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 worth $45,000 after buying an additional 64 shares during the period. BOKF NA boosted its stake in FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider's stock worth $30,000 after acquiring an additional 102 shares in the last quarter. Navalign LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $32,000. Litman Gregory Wealth Management LLC acquired a new stake in FactSet Research Systems in the fourth quarter worth $32,000. Finally, MUFG Securities EMEA plc bought a new stake in FactSet Research Systems in the second quarter valued at $50,000. Institutional investors own 91.24% of the company's stock.

FactSet Research Systems Company Profile

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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