FactSet Research Systems (NYSE:FDS) Price Target Raised to $304.00

FactSet Research Systems (NYSE:FDS) had its price objective increased by Royal Bank Of Canada from $240.00 to $304.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a sector perform rating on the business services provider’s stock.

FDS has been the subject of a number of other research reports. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Bank of America boosted their price objective on shares of FactSet Research Systems from $205.00 to $210.00 and gave the stock an “underperform” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Finally, Morgan Stanley increased their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $257.57.

FactSet Research Systems Stock Up 1.7%

FDS opened at $309.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. FactSet Research Systems has a 12 month low of $185.00 and a 12 month high of $377.07. The stock has a market capitalization of $11.01 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.70. The business has a 50 day simple moving average of $264.27 and a 200-day simple moving average of $236.21.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 30.68% and a net margin of 23.21%.FactSet Research Systems’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities analysts anticipate that FactSet Research Systems will post 17.76 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be given a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a yield of 1.5%. FactSet Research Systems’s payout ratio is presently 30.57%.

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. raised its holdings in shares of FactSet Research Systems by 0.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,866 shares of the business services provider’s stock worth $3,071,000 after purchasing an additional 30 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in FactSet Research Systems by 1.7% during the second quarter. Concurrent Investment Advisors LLC now owns 2,198 shares of the business services provider’s stock worth $506,000 after buying an additional 36 shares in the last quarter. SkyView Investment Advisors LLC grew its position in FactSet Research Systems by 2.7% in the second quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider’s stock worth $798,000 after buying an additional 48 shares during the last quarter. Lafayette Investments Inc. grew its position in FactSet Research Systems by 1.1% in the first quarter. Lafayette Investments Inc. now owns 4,524 shares of the business services provider’s stock worth $982,000 after buying an additional 49 shares during the last quarter. Finally, Tema ETFs LLC increased its holdings in shares of FactSet Research Systems by 8.1% in the second quarter. Tema ETFs LLC now owns 669 shares of the business services provider’s stock valued at $154,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.