FactSet Research Systems (NYSE:FDS) Stock Breaks Above 200-Day Moving Average - Here's Why

Key Points

• FactSet shares broke above their 200-day moving average, reaching $288.45 and last trading near $287.08, a 5.2% gain that placed the stock well above its $251.42 long-term average.
• Recent earnings exceeded expectations, with quarterly EPS of $4.52 versus $4.35 estimated and revenue of $634.7 million; revenue increased 6.3% year over year.
• Analyst sentiment remains mixed: the consensus rating is “Reduce” with a $270.79 target, despite several target increases and William Blair upgrading the stock to “outperform.” Institutional investors own approximately 91.24% of shares.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $251.42 and traded as high as $288.45. FactSet Research Systems shares last traded at $287.0770, with a volume of 1,128,516 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on FDS shares. Weiss Ratings upgraded FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 13th. Jefferies Financial Group increased their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a report on Thursday, July 2nd. Royal Bank Of Canada raised their target price on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a "sector perform" rating in a research report on Thursday, August 27th. Wolfe Research boosted their price target on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an "underperform" rating in a report on Wednesday, July 1st. Finally, William Blair raised shares of FactSet Research Systems from a "market perform" rating to an "outperform" rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $270.79.

FactSet Research Systems Stock Up 5.2%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60. The stock has a market capitalization of $10.21 billion, a PE ratio of 19.72, a PEG ratio of 1.53 and a beta of 0.77. The business has a 50 day moving average of $283.83 and a two-hundred day moving average of $251.42.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.17. The company had revenue of $634.70 million for the quarter, compared to analyst estimates of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Analysts predict that FactSet Research Systems Inc. will post 19.65 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were given a $1.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems's payout ratio is presently 31.87%.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. Bamco Inc. NY purchased a new position in FactSet Research Systems in the second quarter worth $966,533,000. BlackRock Inc. purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $657,658,000. Bank of America Corp DE purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $176,141,000. Bank of New York Mellon Corp acquired a new stake in shares of FactSet Research Systems in the 2nd quarter worth $68,587,000. Finally, Equity Investment Corp acquired a new stake in shares of FactSet Research Systems in the 2nd quarter worth $65,626,000. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.