FactSet Research Systems (NYSE:FDS) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of FactSet Research Systems (NYSE:FDS) from a neutral rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports. They currently have $425.00 target price on the business services provider’s stock, down from their previous target price of $480.00.

A number of other research analysts also recently issued reports on FDS. Rothschild & Co Redburn upgraded FactSet Research Systems from a “sell” rating to a “neutral” rating and reduced their price target for the company from $415.00 to $370.00 in a report on Friday, September 12th. Barclays reduced their target price on FactSet Research Systems from $390.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Wells Fargo & Company reduced their target price on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Morgan Stanley reduced their target price on FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. Finally, Stifel Nicolaus reduced their target price on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating on the stock in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $359.10.

FactSet Research Systems Stock Down 0.7%

Shares of NYSE:FDS opened at $286.32 on Monday. FactSet Research Systems has a 1 year low of $284.39 and a 1 year high of $499.87. The company has a market cap of $10.83 billion, a PE ratio of 18.41, a P/E/G ratio of 2.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.47. The stock’s 50-day moving average is $375.54 and its 200 day moving average is $416.86.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 18th. The business services provider reported $4.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The business had revenue of $596.90 million for the quarter, compared to analysts’ expectations of $593.32 million. During the same quarter in the prior year, the firm earned $3.74 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Sell-side analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a $1.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.5%. FactSet Research Systems’s dividend payout ratio is 28.30%.

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 that occurred on 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 transaction, the director directly owned 4,461 shares of the company’s stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total value of $3,398,665.04. Following the completion of the transaction, the executive vice president directly owned 23,952 shares in the company, valued at $10,702,711.68. This trade represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,031 shares of company stock valued at $5,825,481. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its stake in FactSet Research Systems by 4.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider’s stock valued at $368,000 after buying an additional 38 shares during the last quarter. QRG Capital Management Inc. raised its stake in FactSet Research Systems by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock valued at $609,000 after buying an additional 60 shares during the last quarter. Bessemer Group Inc. raised its stake in FactSet Research Systems by 284.3% during the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider’s stock valued at $535,000 after buying an additional 870 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in FactSet Research Systems during the 1st quarter valued at $2,528,000. Finally, Golden State Wealth Management LLC raised its stake in FactSet Research Systems by 800.0% during the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock valued at $45,000 after buying an additional 88 shares during the last quarter. 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.