FactSet Research Systems (NYSE:FDS) Hits New 52-Week Low - Here's Why

Key Points

• FactSet Research Systems reached a new 52-week low, trading as low as $391.45, with a current market price of $394.13.
• Analysts have mixed views on the stock, with some reducing target prices and others upgrading ratings, resulting in a consensus rating of "Hold" and a target price of $444.25.
• Recently reported quarterly earnings showed a miss on EPS estimates, with earnings of $4.27 compared to the expected $4.30, though revenues did surpass expectations by reaching $585.52 million.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $391.45 and last traded at $394.13, with a volume of 178776 shares changing hands. The stock had previously closed at $409.16.

Wall Street Analyst Weigh In

Several research firms have recently commented on FDS. Evercore ISI reduced their target price on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research note on Monday, June 16th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. BMO Capital Markets raised their price objective on 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. Morgan Stanley raised their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Finally, Wells Fargo & Company raised their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15.23 billion, a P/E ratio of 29.27, a PEG ratio of 2.71 and a beta of 0.84. The business has a 50 day simple moving average of $437.10 and a 200-day simple moving average of $443.43.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The business had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $4.37 earnings per share. Analysts predict that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

Insider Buying and Selling

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, EVP Christopher R. Ellis sold 7,606 shares of the firm's 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 sale, the executive vice president owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider's stock valued at $2,180,160,000 after buying an additional 137,874 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider's stock valued at $527,411,000 after acquiring an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of FactSet Research Systems by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider's stock valued at $240,070,000 after acquiring an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. increased its position in FactSet Research Systems by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider's stock worth $229,940,000 after buying an additional 4,693 shares during the period. Finally, Invesco Ltd. increased its position in FactSet Research Systems by 7.6% in the 1st quarter. Invesco Ltd. now owns 490,698 shares of the business services provider's stock worth $223,091,000 after buying an additional 34,549 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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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