FactSet Research Systems (NYSE:FDS) Trading Up 7.2% Following Analyst Upgrade

FactSet Research Systems Inc. (NYSE:FDS)’s stock price traded up 7.2% 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 traded 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.

A number of other brokerages have also recently issued reports on FDS. Royal Bank Of Canada upped their target price on FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 27th. Jefferies Financial Group upped their price objective 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. Rothschild & Co Redburn lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a research report on Thursday, June 18th. William Blair upgraded shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley raised their price target on FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $266.36.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BOKF NA raised its stake in 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 purchasing an additional 102 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in shares of FactSet Research Systems during the 4th quarter worth about $32,000. Elyxium Wealth LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at about $35,000. Parkside Financial Bank & Trust lifted its stake in shares of FactSet Research Systems by 31.2% in the second quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after buying an additional 43 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after buying an additional 64 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 7.4%

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $9.92 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.71. The firm has a 50 day moving average of $276.83 and a 200-day moving average of $243.12.

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

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is 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.