FactSet Research Systems (NYSE:FDS) Given New $328.00 Price Target at Evercore ISI

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 dropped by research analysts at Evercore ISI from $394.00 to $328.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "in-line" rating on the business services provider's stock. Evercore ISI's price target would suggest a potential upside of 13.39% from the company's previous close.

Several other equities research analysts have also commented on the stock. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Rothschild & Co Redburn raised shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and cut their price objective for the stock from $415.00 to $370.00 in a research report on Friday, September 12th. Barclays decreased 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. Wells Fargo & Company decreased their target price on shares of FactSet Research Systems from $355.00 to $296.00 and set an "underweight" rating for the company in a research note on Friday. Finally, Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a report on Friday, September 12th. Eight equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $364.60.

FactSet Research Systems Stock Down 4.0%

NYSE:FDS traded down $11.97 on Friday, hitting $289.26. The stock had a trading volume of 1,781,021 shares, compared to its average volume of 631,283. The firm's fifty day simple moving average is $384.37 and its two-hundred day simple moving average is $419.69. The stock has a market cap of $10.94 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. FactSet Research Systems has a 1 year low of $288.84 and a 1 year high of $499.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.40.

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 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The firm had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. During the same period in the previous year, the business earned $3.74 earnings per share. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts predict that FactSet Research Systems will post 17.21 earnings per share for the current year.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the sale, the chief accounting officer directly owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently modified their holdings of FDS. Fifth Third Bancorp lifted its holdings in shares of FactSet Research Systems by 1.6% during the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock valued at $668,000 after purchasing an additional 23 shares during the last quarter. Birch Capital Management LLC grew its position in shares of FactSet Research Systems by 0.3% during the 1st quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock valued at $3,915,000 after acquiring an additional 25 shares during the period. Alps Advisors Inc. grew its position in shares of FactSet Research Systems by 3.1% during the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock valued at $374,000 after acquiring an additional 25 shares during the period. Integrated Investment Consultants LLC boosted its holdings in FactSet Research Systems by 0.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 3,056 shares of the business services provider's stock worth $1,389,000 after buying an additional 25 shares during the period. Finally, Horizon Investments LLC boosted its holdings in FactSet Research Systems by 4.8% in the 1st quarter. Horizon Investments LLC now owns 544 shares of the business services provider's stock worth $247,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds 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.