FactSet Research Systems (NYSE:FDS) Hits New 12-Month High – Here’s What Happened

FactSet Research Systems Inc. (NYSE:FDS)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as $320.70 and last traded at $320.0180, with a volume of 519,316 shares changing hands. The stock had previously closed at $312.27.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDS. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Jefferies Financial Group increased their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Wolfe Research increased their target price on shares of FactSet Research Systems from $225.00 to $240.00 and gave the company an “underperform” rating in a research note on Wednesday, July 1st. Bank of America raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, September 11th. One 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Trading Down 0.9%

The firm has a market capitalization of $11.73 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. The stock’s 50-day moving average price is $288.89 and its 200 day moving average price is $258.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.60 and a quick ratio of 0.68.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, beating the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The firm had revenue of $634.70 million during the quarter, compared to the consensus estimate of $629.83 million. During the same quarter in the previous year, the firm posted $4.05 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, sell-side analysts expect that FactSet Research Systems Inc. will post 19.63 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 31st. FactSet Research Systems’s dividend payout ratio is currently 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY purchased a new position in FactSet Research Systems during the 2nd quarter valued at about $966,533,000. BlackRock Inc. bought a new position in FactSet Research Systems in the second quarter worth approximately $657,658,000. Bank of America Corp DE raised its stake in FactSet Research Systems by 33.6% in the first quarter. Bank of America Corp DE now owns 842,715 shares of the business services provider’s stock worth $182,861,000 after buying an additional 212,022 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in FactSet Research Systems by 123.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 377,926 shares of the business services provider’s stock worth $82,006,000 after buying an additional 208,824 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in FactSet Research Systems during the second quarter worth $68,587,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides financial data, analytics and workflow technology to investment professionals and financial institutions. Its platform brings together market, company, economic and alternative data with tools for research, portfolio analysis, risk management, trading, performance measurement and reporting.

The company serves asset managers, wealth managers, investment banks, private-equity firms, corporations and other financial professionals. Its products support activities including equity and fixed-income research, portfolio construction, screening, client reporting, investment-banking analysis and environmental, social and governance research.