FactSet Research Systems (NYSE:FDS) Price Target Cut to $293.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley has reduced the price target for FactSet Research Systems from $393.00 to $293.00, indicating an "underweight" rating and suggesting a potential upside of only 0.75% from the stock's current price.
• FactSet's stock fell 3.5% on Friday, trading at $290.83, with a notable trading volume of 842,660 shares, significantly higher than its average volume.
• Despite the recent price cuts from various analysts, FactSet Research Systems reported a 6.2% increase in quarterly revenue year-over-year, reaching $596.90 million, although its EPS of $4.05 fell short of the consensus estimate.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective decreased by Morgan Stanley from $393.00 to $293.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the business services provider's stock. Morgan Stanley's price target suggests a potential upside of 0.75% from the stock's current price.

Other analysts have also recently issued research reports about the company. Evercore ISI lowered their price target on FactSet Research Systems from $394.00 to $328.00 and set an "in-line" rating for the company in a research report on Friday. BMO Capital Markets upped their target price on FactSet Research Systems from $448.00 to $452.00 and gave the company a "market perform" rating in a research report on Friday, June 20th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Barclays dropped their price objective on shares of FactSet Research Systems from $390.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on FactSet Research Systems from $464.00 to $372.00 and set a "hold" rating for the company in a research note on Friday. Eight analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Reduce" and an average target price of $377.40.

FactSet Research Systems Stock Down 3.5%

FactSet Research Systems stock traded down $10.41 during midday trading on Friday, reaching $290.83. The company's stock had a trading volume of 842,660 shares, compared to its average volume of 365,211. 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 stock has a market capitalization of $11.00 billion, a P/E ratio of 21.03, a PEG ratio of 2.10 and a beta of 0.84. The stock's 50-day simple moving average is $387.51 and its 200-day simple moving average is $421.08. FactSet Research Systems has a 52-week low of $289.78 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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 23.30% and a return on equity of 31.59%. The company had revenue of $596.90 million during the quarter, compared to analysts' expectations of $593.32 million. During the same period in the previous year, the business earned $3.74 earnings per share. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. On average, sell-side analysts expect that FactSet Research Systems will post 17.21 EPS for the current year.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of the business'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 sale, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. The trade was a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vident Advisory LLC boosted its stake in shares of FactSet Research Systems by 174.4% during the 4th quarter. Vident Advisory LLC now owns 1,276 shares of the business services provider's stock worth $613,000 after acquiring an additional 811 shares in the last quarter. Woodline Partners LP raised its holdings in FactSet Research Systems by 344.0% in the 4th quarter. Woodline Partners LP now owns 2,282 shares of the business services provider's stock valued at $1,096,000 after acquiring an additional 1,768 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of FactSet Research Systems by 16.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 297,822 shares of the business services provider's stock worth $143,038,000 after purchasing an additional 42,808 shares during the last quarter. Pacific Point Advisors LLC acquired a new position in FactSet Research Systems in the fourth quarter valued at $1,282,000. Finally, Public Employees Retirement System of Ohio lifted its position in FactSet Research Systems by 6.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 16,229 shares of the business services provider's stock worth $7,794,000 after buying an additional 1,029 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

About FactSet Research Systems

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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