BMO Capital Markets Lowers FactSet Research Systems (NYSE:FDS) Price Target to $324.00

Key Points

• BMO Capital Markets has significantly lowered its price target for FactSet Research Systems from $452.00 to $324.00, indicating a cautious outlook with a "market perform" rating.
• FactSet recently reported quarterly earnings of $4.05 EPS, which fell short of the consensus estimate, while revenue increased year-over-year by 6.2% to $596.90 million.
• Eight analysts currently have a "Hold" rating on FactSet's stock, while four analysts have rated it as a "Sell," with a consensus price target of $364.60.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price cut by research analysts at BMO Capital Markets from $452.00 to $324.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "market perform" rating on the business services provider's stock. BMO Capital Markets' target price suggests a potential upside of 12.01% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $393.00 to $293.00 and set an "underweight" rating for the company in a research note on Friday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, June 20th. Barclays reduced their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating for the company in a research note on Friday. Finally, Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and a consensus price target of $364.60.

FactSet Research Systems Stock Performance

NYSE FDS traded down $11.97 during trading hours on Friday, reaching $289.26. 1,781,021 shares of the company were exchanged, compared to its average volume of 631,283. FactSet Research Systems has a 1 year low of $288.84 and a 1 year high of $499.87. The business's 50 day simple moving average is $384.37 and its 200-day simple moving average is $419.69. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $10.94 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.94 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.08). The business had revenue of $596.90 million during the quarter, compared to analysts' expectations of $593.32 million. FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.FactSet Research Systems's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.74 EPS. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

Insider Activity at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the sale, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the sale, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently bought and sold shares of FDS. SouthState Corp grew its position in FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after acquiring an additional 84 shares during the period. Cullen Frost Bankers Inc. lifted its stake in FactSet Research Systems by 4,300.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider's stock valued at $39,000 after acquiring an additional 86 shares during the period. WPG Advisers LLC bought a new position in FactSet Research Systems during the 1st quarter valued at about $41,000. Finally, Generali Investments Management Co LLC bought a new position in FactSet Research Systems during the 2nd quarter valued at about $42,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.