FactSet Research Systems (NYSE:FDS) Rating Increased to Neutral at Rothschild & Co Redburn

Key Points

• FactSet Research Systems has been upgraded from a "sell" to a "neutral" rating by Rothschild & Co Redburn, lowering their price target from $415.00 to $370.00.
• Despite the upgrade, analysts have mixed opinions, with price targets ranging widely; Morgan Stanley raised their target to $393.00, while Wells Fargo cut theirs to $355.00.
• FactSet reported earnings of $4.27 per share for the quarter, slightly missing analysts' expectations of $4.30, with revenue increasing by 5.9% year-over-year.

FactSet Research Systems (NYSE:FDS - Get Free Report) was upgraded by stock analysts at Rothschild & Co Redburn from a "sell" rating to a "neutral" rating in a report issued on Friday, MarketBeat.com reports. The firm presently has a $370.00 price objective on the business services provider's stock, down from their prior price objective of $415.00. Rothschild & Co Redburn's price target suggests a potential upside of 0.03% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley raised their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Wells Fargo & Company lowered their price target on FactSet Research Systems from $405.00 to $355.00 and set an "underweight" rating for the company in a report on Friday, September 5th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an "underperform" rating to a "market perform" rating in a report on Thursday, June 26th. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a report on Friday, June 20th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, FactSet Research Systems presently has an average rating of "Reduce" and an average price target of $424.44.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $369.89 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $13.99 billion, a PE ratio of 26.73, a P/E/G ratio of 2.26 and a beta of 0.84. The business has a 50-day simple moving average of $398.48 and a two-hundred day simple moving average of $425.23. FactSet Research Systems has a fifty-two week low of $360.82 and a fifty-two week high of $499.87.

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 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The business had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.FactSet Research Systems's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. As a group, equities analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James J. Mcgonigle sold 2,925 shares of FactSet Research Systems stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the sale, the director directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. SouthState Corp raised its position in FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after acquiring an additional 84 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in FactSet Research Systems by 4,300.0% during the second quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider's stock valued at $39,000 after acquiring an additional 86 shares in the last quarter. WPG Advisers LLC purchased a new position in FactSet Research Systems during the first quarter valued at approximately $41,000. Finally, Generali Investments Management Co LLC purchased a new position in FactSet Research Systems during the second quarter valued at approximately $42,000. 91.24% of the stock is currently 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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