FactSet Research Systems (NYSE:FDS) Reaches New 12-Month Low - Should You Sell?

Key Points

• FactSet Research Systems' stock hit a new 52-week low of $343.60, significantly dropping from a previous close of $361.84, with a trading volume of 842,690 shares.
• Analysts have mixed views on the stock, with the consensus rating at "Reduce" and an average price target of $424.44, reflecting concerns about its future performance.
• The company recently announced a quarterly dividend of $1.10 per share, translating to an annual yield of 1.3%, with a payout ratio of 31.79%.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $343.60 and last traded at $344.69, with a volume of 842690 shares. The stock had previously closed at $361.84.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FDS shares. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. Evercore ISI reduced their price target on FactSet Research Systems from $448.00 to $394.00 and set an "in-line" rating on the stock in a research report on Wednesday, September 10th. Rothschild & Co Redburn raised FactSet Research Systems from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $415.00 to $370.00 in a research report on Friday. BMO Capital Markets increased their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Finally, Royal Bank Of Canada reissued 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. Eight research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of "Reduce" and an average price target of $424.44.

FactSet Research Systems Stock Performance

The company has a 50-day moving average price of $394.71 and a two-hundred day moving average price of $423.30. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $13.03 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The business had revenue of $585.52 million during the quarter, compared to the consensus estimate of $580.70 million. During the same period last year, the business posted $4.37 earnings per share. The business's revenue was up 5.9% on a year-over-year basis. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Insider Activity at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the business'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 completion of the sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. The trade was a 24.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction dated 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 directly owned 4,461 shares of the company's stock, valued at $2,013,650.79. The trade was a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock valued at $5,825,481 in the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SouthState Corp increased its position in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock valued at $27,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock worth $39,000 after purchasing an additional 84 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in FactSet Research Systems by 4,300.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider's stock worth $39,000 after purchasing an additional 86 shares in the last quarter. WPG Advisers LLC bought a new stake in FactSet Research Systems during the 1st quarter worth approximately $41,000. Finally, Generali Investments Management Co LLC bought a new stake in FactSet Research Systems during the 2nd quarter worth approximately $42,000. 91.24% of the stock is owned by 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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