FactSet Research Systems (NYSE:FDS) Sets New 52-Week Low - Should You Sell?

Key Points

• FactSet Research Systems' stock reached a new 52-week low of $363.32, marking a decline from its previous close of $373.32.
• The company reported earnings of $4.27 per share for the quarter, missing analyst estimates by $0.03, although revenue rose 5.9% to $585.52 million.
• FactSet announced a quarterly dividend of $1.10, with a 1.2% dividend yield and a payout ratio of 31.79%.

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $363.32 and last traded at $363.49, with a volume of 164189 shares. The stock had previously closed at $373.32.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI decreased their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Morgan Stanley raised their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating 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 note on Thursday, June 26th. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Six 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, the company has an average rating of "Reduce" and a consensus price target of $444.25.

FactSet Research Systems Stock Down 1.8%

The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 2.44 and a beta of 0.84. 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 firm has a fifty day moving average price of $410.29 and a 200 day moving average price of $429.87.

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 (EPS) 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 firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period in the prior year, the company posted $4.37 EPS. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. Sell-side analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. FactSet Research Systems's dividend payout ratio is 31.79%.

Insider Activity at FactSet Research Systems

In related news, Director James J. Mcgonigle sold 2,925 shares of the company's stock in a transaction 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 in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Gregory T. Moskoff sold 2,500 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were 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 approximately $19,474.40. This represents a 98.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,031 shares of company stock worth $5,825,481 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. SouthState Corp raised its stake in shares of 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 purchasing an additional 56 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of FactSet Research Systems by 4,200.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after purchasing an additional 84 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of FactSet Research Systems by 4,300.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider's stock valued at $39,000 after purchasing an additional 86 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at about $41,000. Institutional investors and hedge funds 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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