Evercore ISI Cuts FactSet Research Systems (NYSE:FDS) Price Target to $328.00

Key Points

• Evercore ISI has lowered its target price for FactSet Research Systems from $394.00 to $328.00, indicating a potential upside of 11.99%.
• FactSet's stock recently traded down 2.8%, reaching $292.90, with its 1-year low being $292.10 and high $499.87.
• The company reported earnings of $4.05 per share, missing analyst estimates of $4.13, despite a 6.2% year-over-year revenue increase.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective reduced by equities researchers at Evercore ISI from $394.00 to $328.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "in-line" rating on the business services provider's stock. Evercore ISI's target price indicates a potential upside of 10.99% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus cut their target price on shares of FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating on the stock in a report on Friday. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Barclays dropped their price target on FactSet Research Systems from $390.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday. Finally, Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $415.00 to $370.00 in a research note on Friday, September 12th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, FactSet Research Systems has an average rating of "Reduce" and a consensus target price of $359.10.

FactSet Research Systems Stock Up 2.2%

Shares of FDS traded up $6.37 during midday trading on Friday, hitting $295.52. The company had a trading volume of 1,387,233 shares, compared to its average volume of 375,409. FactSet Research Systems has a 1 year low of $288.84 and a 1 year high of $499.87. The firm has a market capitalization of $11.17 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40. The company's 50-day simple moving average is $384.37 and its 200-day simple moving average is $419.69.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.13 by ($0.08). The business had revenue of $596.90 million for 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%.The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $3.74 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. As a group, sell-side analysts expect that FactSet Research Systems will post 17.21 EPS for the current year.

Insider Activity at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total value of $3,398,665.04. Following the transaction, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. SouthState Corp boosted its position in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying 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 first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after purchasing an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider's stock valued at $39,000 after buying an additional 86 shares during the period. WPG Advisers LLC acquired a new position in FactSet Research Systems during the 1st quarter valued at approximately $41,000. Finally, Bank of Jackson Hole Trust grew its position in shares of FactSet Research Systems by 187.9% during the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company's stock.

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.