FactSet Research Systems (NYSE:FDS) Price Target Cut to $296.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has cut its price target for FactSet Research Systems from $355.00 to $296.00, indicating an "underweight" rating and a potential downside of 1.79% from the last closing price.
• FactSet recently reported $4.05 earnings per share, missing consensus estimates, but reported a 6.2% increase in revenue compared to the same quarter last year.
• Insider selling has been notable, with directors selling over 13,000 shares of the company's stock valued at nearly $5.8 million in the last quarter.

FactSet Research Systems (NYSE:FDS - Free Report) had its price target trimmed by Wells Fargo & Company from $355.00 to $296.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an underweight rating on the business services provider's stock.

FDS has been the topic of several other reports. Evercore ISI lowered their target price on shares of FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a research note on Wednesday, September 10th. Rothschild Redb raised shares of FactSet Research Systems from a "strong sell" rating to a "hold" rating in a report on Friday, September 12th. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Finally, Rothschild & Co Redburn upgraded shares of FactSet Research Systems from a "sell" rating to a "neutral" rating and reduced their price target for the company from $415.00 to $370.00 in a research report on Friday, September 12th. Eight investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $364.60.

FactSet Research Systems Stock Down 4.0%

FDS stock traded down $11.97 during trading on Friday, reaching $289.26. The stock had a trading volume of 1,781,021 shares, compared to its average volume of 561,210. FactSet Research Systems has a one year low of $288.84 and a one year high of $499.87. The company's 50 day moving average is $384.37 and its two-hundred day moving average is $419.84. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.94 and a beta of 0.84. The company has a quick ratio of 1.47, a current ratio of 1.40 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. During the same period in the prior year, the company earned $3.74 earnings per share. The firm's revenue 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. Equities research analysts forecast that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, August 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is currently 28.30%.

Insider Transactions at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, July 9th. The shares were 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 owned 44 shares in the company, valued at approximately $19,474.40. This represents a 98.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,031 shares of company stock worth $5,825,481 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Hedge funds have recently bought and sold shares of the stock. SouthState Corp increased its holdings in shares of FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after buying an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after buying an additional 84 shares during the last quarter. Cullen Frost Bankers Inc. increased 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 worth $39,000 after buying an additional 86 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of FactSet Research Systems in the 1st quarter worth about $41,000. Finally, Generali Investments Management Co LLC bought a new stake in shares of FactSet Research Systems in the 2nd quarter worth about $42,000. 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.