FactSet Research Systems (NYSE:FDS) Hits New 52-Week Low Following Analyst Downgrade

Key Points

• FactSet Research Systems shares hit a new 52-week low of $361.98 after Evercore ISI downgraded the stock and lowered its price target from $448.00 to $394.00.
• Multiple analysts have varying ratings on the stock, ranging from "sector perform" to "underweight," with an average consensus price target of $431.25.
• The company recently declared a quarterly dividend of $1.10 per share, with a payout ratio of 31.79% and an annualized yield of 1.2%.

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday after Evercore ISI lowered their price target on the stock from $448.00 to $394.00. Evercore ISI currently has an in-line rating on the stock. FactSet Research Systems traded as low as $361.98 and last traded at $363.09, with a volume of 91888 shares. The stock had previously closed at $372.86.

FDS has been the subject of several other research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a research report on Friday, June 20th. Wells Fargo & Company lowered their price target 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. 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, BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $431.25.

Insider Activity

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the transaction, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. This represents a 98.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 7,606 shares of the business's stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,031 shares of company stock valued at $5,825,481. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds have recently made changes to their positions in FDS. 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 last quarter. Focus Partners Wealth raised its holdings in 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 worth $1,619,000 after buying an additional 1,560 shares during the period. Moore Capital Management LP acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $1,741,000. Millennium Management LLC raised its holdings in shares of FactSet Research Systems by 24.2% in the fourth quarter. Millennium Management LLC now owns 69,609 shares of the business services provider's stock valued at $33,432,000 after purchasing an additional 13,549 shares during the last quarter. Finally, Meridiem Capital Partners LP bought a new position in shares of FactSet Research Systems in the fourth quarter valued at $41,241,000. Institutional investors and hedge funds own 91.24% of the company's stock.

FactSet Research Systems Stock Down 2.8%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.47 and a quick ratio of 1.47. The firm's 50 day moving average is $401.76 and its two-hundred day moving average is $426.31. The firm has a market capitalization of $13.70 billion, a P/E ratio of 26.18, a PEG ratio of 2.34 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same period in the previous year, the firm posted $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. Research analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. 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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