FactSet Research Systems (NYSE:FDS) Reaches New 1-Year High – Here’s What Happened

FactSet Research Systems Inc. (NYSE:FDS) shares reached a new 52-week high during trading on Monday. The company traded as high as $340.49 and last traded at $341.22, with a volume of 132,096 shares trading hands. The stock had previously closed at $329.57.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, September 11th. BMO Capital Markets boosted their price objective on FactSet Research Systems from $300.00 to $314.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Stifel Nicolaus increased their target price on FactSet Research Systems from $254.00 to $292.00 and gave the stock a “hold” rating in a research note on Thursday, October 1st. Finally, Royal Bank Of Canada raised their target price on shares of FactSet Research Systems from $240.00 to $304.00 and gave the stock a “sector perform” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $271.79.

FactSet Research Systems Price Performance

The company has a 50 day simple moving average of $293.95 and a 200-day simple moving average of $251.46. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 1.93 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.17. The company had revenue of $634.70 million during the quarter, compared to analysts’ expectations of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. FactSet Research Systems’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Research analysts expect that FactSet Research Systems Inc. will post 19.63 EPS for the current 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 paid a $1.16 dividend. The ex-dividend date was Monday, August 31st. This represents a $4.64 annualized dividend and a yield of 1.4%. FactSet Research Systems’s payout ratio is presently 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently made changes to their positions in FDS. Bamco Inc. NY bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at about $966,533,000. BlackRock Inc. acquired a new stake in FactSet Research Systems in the 2nd quarter valued at about $657,658,000. Bank of America Corp DE bought a new position in FactSet Research Systems during the second quarter worth about $176,141,000. Bank of New York Mellon Corp bought a new position in FactSet Research Systems during the second quarter worth about $68,587,000. Finally, Equity Investment Corp bought a new position in FactSet Research Systems during the second quarter worth about $65,626,000. 91.24% of the stock is owned by institutional investors.

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.