Wells Fargo & Company Has Lowered Expectations for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target cut by equities researchers at Wells Fargo & Company from $215.00 to $195.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 1.52% from the company’s current price.

Several other research firms have also recently issued reports on FDS. Bank of America started coverage on shares of FactSet Research Systems in a report on Tuesday. They issued an “underperform” rating and a $195.00 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $320.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Friday, December 19th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $305.00 target price on shares of FactSet Research Systems in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $298.54.

FactSet Research Systems Trading Down 3.8%

NYSE FDS opened at $198.01 on Tuesday. The company’s fifty day simple moving average is $270.29 and its 200-day simple moving average is $298.83. FactSet Research Systems has a 52 week low of $190.58 and a 52 week high of $474.79. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63. The stock has a market cap of $7.35 billion, a P/E ratio of 12.54, a PEG ratio of 1.88 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The firm had revenue of $607.62 million for the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Equities research analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems announced that its board has approved a share buyback program on Thursday, December 18th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at FactSet Research Systems

In related news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $295.70, for a total value of $760,540.40. Following the sale, the director directly owned 879 shares in the company, valued at $259,920.30. The trade was a 74.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laurie Siegel sold 2,572 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $296.25, for a total transaction of $761,955.00. Following the sale, the director directly owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. This represents a 71.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in FactSet Research Systems by 5.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after acquiring an additional 91 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of FactSet Research Systems by 27.6% in the 1st quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of FactSet Research Systems in the second quarter worth approximately $281,000. Finally, Mutual Advisors LLC boosted its holdings in shares of FactSet Research Systems by 11.2% during the second quarter. Mutual Advisors LLC now owns 1,019 shares of the business services provider’s stock worth $427,000 after purchasing an additional 103 shares during the period. 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.