FactSet Research Systems Inc. (NYSE:FDS) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• FactSet Research Systems Inc. has received an average consensus rating of "Reduce" from nine brokerages, with three analysts recommending a sell and six recommending a hold.
• The company's recent earnings report showed a miss in EPS expectations, delivering $4.27 against a consensus of $4.30, while revenue rose to $585.52 million, exceeding analyst estimates.
• An insider, Director James J. Mcgonigle, sold 2,925 shares at an average price of $451.39, indicating a 39.60% decrease in their stock position.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) has been assigned an average recommendation of "Reduce" from the nine brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $431.25.

Several research analysts have recently issued reports on FDS shares. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Wells Fargo & Company reduced their target price on shares of FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating on the stock in a report on Friday, September 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Raymond James Financial upgraded shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, Evercore ISI decreased their price objective on FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating for the company in a report on Wednesday.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 2,925 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director owned 4,461 shares in the company, valued at approximately $2,013,650.79. This trade represents a 39.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the completion of the transaction, the executive vice president owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock worth $5,825,481 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in FactSet Research Systems by 6.9% during the 4th quarter. Cetera Investment Advisers now owns 5,596 shares of the business services provider's stock worth $2,688,000 after acquiring an additional 362 shares during the period. Focus Partners Wealth boosted its position in shares of FactSet Research Systems by 88.7% during the 4th quarter. Focus Partners Wealth now owns 3,318 shares of the business services provider's stock valued at $1,619,000 after purchasing an additional 1,560 shares in the last quarter. Millennium Management LLC grew its stake in FactSet Research Systems by 24.2% during the fourth quarter. Millennium Management LLC now owns 69,609 shares of the business services provider's stock worth $33,432,000 after purchasing an additional 13,549 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in FactSet Research Systems by 11.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 1,687 shares of the business services provider's stock worth $810,000 after purchasing an additional 167 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new position in FactSet Research Systems in the fourth quarter valued at approximately $603,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $362.21 on Thursday. The firm's fifty day moving average price is $400.04 and its two-hundred day moving average price is $425.87. The stock has a market cap of $13.70 billion, a PE ratio of 26.17, a PEG ratio of 2.33 and a beta of 0.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. FactSet Research Systems has a fifty-two week low of $360.82 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period last year, the business earned $4.37 EPS. The company's revenue was up 5.9% compared to the same quarter last year. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio is presently 31.79%.

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.

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