Barclays Lowers FactSet Research Systems (NYSE:FDS) Price Target to $300.00

Key Points

• Barclays has lowered the price target for FactSet Research Systems from $390.00 to $300.00, maintaining an "underweight" rating on the stock.
• The average rating for FactSet Research Systems among analysts is currently "Reduce," with a consensus target price of $406.10.
• FactSet reported earnings of $4.05 EPS for the last quarter, below the consensus estimate of $4.13, but experienced a revenue increase of 6.2% year-over-year.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its price objective cut by equities researchers at Barclays from $390.00 to $300.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the business services provider's stock. Barclays's price objective suggests a potential upside of 3.71% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial raised shares of FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research note on Thursday, June 26th. Rothschild & Co Redburn upgraded FactSet Research Systems from a "sell" rating to a "neutral" rating and cut their target price for the company from $415.00 to $370.00 in a research note on Friday, September 12th. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company reduced their price target on FactSet Research Systems from $355.00 to $296.00 and set an "underweight" rating for the company in a report on Friday. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, June 20th. Eight analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of "Reduce" and a consensus target price of $364.60.

FactSet Research Systems Price Performance

Shares of FDS traded down $11.97 during trading hours on Friday, reaching $289.26. 1,781,021 shares of the stock traded hands, compared to its average volume of 631,283. The company has a market cap of $10.94 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84. FactSet Research Systems has a 52-week low of $288.84 and a 52-week high of $499.87. The company has a current ratio of 1.40, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63. The company's 50-day moving average price is $384.37 and its two-hundred day moving average price is $419.69.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Thursday, September 18th. The business services provider reported $4.05 EPS for the quarter, missing analysts' consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The company had revenue of $596.90 million during the quarter, compared to the consensus estimate of $593.32 million. During the same quarter in the prior year, the company earned $3.74 earnings per share. FactSet Research Systems'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. On average, analysts anticipate that FactSet Research Systems will post 17.21 earnings per share for the current year.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were 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 owned 23,952 shares of the company's stock, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was 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 represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently modified their holdings of FDS. Fifth Third Bancorp raised its position in FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock valued at $668,000 after purchasing an additional 23 shares during the last quarter. Birch Capital Management LLC raised its holdings in shares of FactSet Research Systems by 0.3% during the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock valued at $3,915,000 after acquiring an additional 25 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of FactSet Research Systems by 3.1% in the 1st quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after buying an additional 25 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of FactSet Research Systems by 0.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 3,056 shares of the business services provider's stock valued at $1,389,000 after buying an additional 25 shares during the period. Finally, Horizon Investments LLC raised its holdings in FactSet Research Systems by 4.8% in the 1st quarter. Horizon Investments LLC now owns 544 shares of the business services provider's stock worth $247,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 91.24% of the company's stock.

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.