Evercore ISI Lowers FactSet Research Systems (NYSE:FDS) Price Target to $394.00
by Amy Steele · The Cerbat GemFactSet Research Systems (NYSE:FDS – Free Report) had its price target decreased by Evercore ISI from $448.00 to $394.00 in a research report report published on Wednesday,Benzinga reports. Evercore ISI currently has an in-line rating on the business services provider’s stock.
Several other research firms also recently issued reports on FDS. Wells Fargo & Company cut their price target on FactSet Research Systems from $405.00 to $355.00 and set an “underweight” rating for the company in a research note on Friday, September 5th. BMO Capital Markets lifted their price target on FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research note on Friday, June 20th. Morgan Stanley lifted their price target on FactSet Research Systems from $390.00 to $393.00 and gave the stock an “underweight” rating in a research note on Friday, June 20th. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, June 20th. Seven analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $424.44.
Get Our Latest Stock Report on FactSet Research Systems
FactSet Research Systems Trading Down 2.2%
NYSE:FDS opened at $362.41 on Wednesday. The company has a market capitalization of $13.70 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 2.31 and a beta of 0.84. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 52-week low of $360.82 and a 52-week high of $499.87. The stock has a fifty day simple moving average of $396.77 and a 200-day simple moving average of $424.54.
FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $4.37 EPS. FactSet Research Systems has set its FY 2025 guidance at 16.800-17.400 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $1.10 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.40 annualized dividend and a yield of 1.2%. FactSet Research Systems’s payout ratio is 31.79%.
Insider Buying and Selling at FactSet Research Systems
In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 2,500 shares of FactSet Research Systems stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the completion of the sale, the chief accounting officer owned 44 shares in the company, valued at $19,474.40. The trade was a 98.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher R. Ellis sold 7,606 shares of FactSet Research Systems stock in a transaction dated 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 sale, the executive vice president owned 23,952 shares of the company’s stock, valued at $10,702,711.68. This trade represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,031 shares of company stock worth $5,825,481 in the last 90 days. 1.10% of the stock is owned by company insiders.
Institutional Trading of FactSet Research Systems
Institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in shares of 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 worth $368,000 after purchasing an additional 38 shares during the period. QRG Capital Management Inc. boosted its holdings in FactSet Research Systems by 4.7% in the 1st quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock worth $609,000 after acquiring an additional 60 shares during the period. Bessemer Group Inc. boosted its holdings in FactSet Research Systems by 284.3% in the 1st quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider’s stock worth $535,000 after acquiring an additional 870 shares during the period. Teacher Retirement System of Texas purchased a new position in FactSet Research Systems in the 1st quarter worth approximately $2,528,000. Finally, Golden State Wealth Management LLC boosted its holdings in FactSet Research Systems by 800.0% in the 1st quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider’s stock worth $45,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors 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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