FactSet Research Systems (NYSE:FDS) Trading 7.2% Higher on Analyst Upgrade

Key Points

• FactSet shares jumped 7.2% after Deutsche Bank raised its price target from $280 to $299, although it maintained a hold rating. The stock traded near $278, above its prior close of $259.71.
• Analyst sentiment remains mixed, with a consensus rating of “Reduce” and an average price target of $266.36; ratings include one strong buy, two buys, ten holds, and six sells.
• FactSet recently exceeded quarterly earnings and revenue estimates, reporting $4.53 in EPS and $622.92 million in revenue. The company also declared a quarterly dividend of $1.16, equivalent to a 1.7% yield.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) traded up 7.2% during trading on Monday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $280.00 to $299.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. FactSet Research Systems traded as high as $281.54 and last traded at $278.3890. 106,433 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 949,811 shares. The stock had previously closed at $259.71.

Other equities analysts have also issued reports about the company. William Blair raised FactSet Research Systems from a "market perform" rating to an "outperform" rating in a report on Tuesday, September 8th. Barclays increased their price target on FactSet Research Systems from $216.00 to $250.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 8th. Weiss Ratings raised shares of FactSet Research Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 13th. Jefferies Financial Group lifted their price objective on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a "hold" rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company increased their target price on FactSet Research Systems from $200.00 to $210.00 and gave the company an "underweight" rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $266.36.

Institutional Trading of FactSet Research Systems

Institutional investors have recently made changes to their positions in the stock. BOKF NA boosted its stake in shares of FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider's stock valued at $30,000 after buying an additional 102 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in FactSet Research Systems in the 4th quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in FactSet Research Systems in the 4th quarter worth about $35,000. Parkside Financial Bank & Trust raised its stake in shares of FactSet Research Systems by 31.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider's stock worth $42,000 after purchasing an additional 43 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of FactSet Research Systems by 188.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after purchasing an additional 64 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Up 7.4%

The company has a fifty day moving average price of $276.83 and a 200-day moving average price of $243.12. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.71. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities research analysts predict that FactSet Research Systems Inc. will post 17.77 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems's payout ratio is presently 30.57%.

About FactSet Research Systems

FactSet Research Systems Inc NYSE: FDS provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.

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