FactSet Research Systems (NYSE:FDS) Price Target Lowered to $394.00 at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for FactSet Research Systems from $448.00 to $394.00, indicating a potential upside of 5.62% from the stock's current price.
• FactSet Research Systems reported a quarterly earnings per share of $4.27, missing estimates by $0.03, while revenue was $585.52 million, above expectations.
• As of now, FactSet has a consensus rating of "Reduce" from analysts, with six analysts recommending a hold and three suggesting a sell on the stock.

FactSet Research Systems (NYSE:FDS - Get Free Report) had its target price cut by equities research analysts at Evercore ISI from $448.00 to $394.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "in-line" rating on the business services provider's stock. Evercore ISI's price objective indicates a potential upside of 5.62% from the stock's current price.

A number of other research analysts have also weighed in on FDS. UBS Group reaffirmed a "neutral" rating on shares of FactSet Research Systems in a report on Friday, June 20th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, June 20th. Raymond James Financial upgraded FactSet Research Systems from an "underperform" rating to a "market perform" rating in a research report on Thursday, June 26th. Morgan Stanley lifted their price target 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. Finally, BMO Capital Markets lifted their price target 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. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $431.25.

FactSet Research Systems Stock Down 0.6%

FDS stock opened at $373.02 on Wednesday. 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 firm has a market capitalization of $14.10 billion, a PE ratio of 26.95, a PEG ratio of 2.34 and a beta of 0.84. FactSet Research Systems has a twelve month low of $362.41 and a twelve month high of $499.87. The stock has a 50-day simple moving average of $401.76 and a two-hundred day simple moving average of $426.31.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million for the quarter, compared to analysts' expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Insider Buying and Selling 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 completion of the sale, the chief accounting officer owned 44 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of the business'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 value of $1,320,315.75. Following the completion of the sale, the director owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,031 shares of company stock worth $5,825,481. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in FactSet Research Systems by 0.6% in the second quarter. Vanguard Group Inc. now owns 4,825,198 shares of the business services provider's stock valued at $2,158,215,000 after purchasing an additional 29,844 shares during the last quarter. State Street Corp increased its stake in shares of FactSet Research Systems by 0.8% during the second quarter. State Street Corp now owns 1,937,571 shares of the business services provider's stock valued at $866,637,000 after buying an additional 15,556 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of FactSet Research Systems by 1.6% during the second quarter. Loomis Sayles & Co. L P now owns 1,508,052 shares of the business services provider's stock valued at $674,522,000 after buying an additional 23,900 shares during the period. Geode Capital Management LLC increased its stake in shares of FactSet Research Systems by 2.4% during the second quarter. Geode Capital Management LLC now owns 1,162,256 shares of the business services provider's stock valued at $518,683,000 after buying an additional 27,035 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of FactSet Research Systems by 57.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider's stock valued at $370,873,000 after buying an additional 301,129 shares during the period. 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.

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