BMO Capital Markets Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target hoisted by investment analysts at BMO Capital Markets from $300.00 to $314.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 6.83% from the company’s current price.

FDS has been the subject of a number of other research reports. Barclays lifted their price target on shares of FactSet Research Systems from $216.00 to $250.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 8th. Jefferies Financial Group increased their price objective 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 raised their price objective on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Rothschild & Co Redburn downgraded 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of FactSet Research Systems from $280.00 to $299.00 and gave the company 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 assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average price target of $271.79.

FactSet Research Systems Stock Up 1.8%

Shares of NYSE FDS traded up $5.25 during midday trading on Tuesday, reaching $293.93. 168,288 shares of the company’s stock were exchanged, compared to its average volume of 934,932. FactSet Research Systems has a 52-week low of $185.00 and a 52-week high of $320.48. The stock has a market capitalization of $10.45 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.60. The business’s fifty day moving average price is $284.67 and its two-hundred day moving average price is $252.62.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Wednesday, September 30th. The business services provider reported $4.52 EPS for the quarter, topping the consensus estimate of $4.35 by $0.17. The business had revenue of $634.70 million for 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%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.05 earnings per share. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. Analysts forecast that FactSet Research Systems will post 19.63 EPS for the current year.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors have recently made changes to their positions in FDS. NorthCrest Asset Manangement LLC boosted its holdings in FactSet Research Systems by 15.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 2,564 shares of the business services provider’s stock worth $735,000 after purchasing an additional 351 shares during the period. GK Wealth Management LLC bought a new stake in FactSet Research Systems during the third quarter valued at $77,000. Wedmont Private Capital increased its stake in FactSet Research Systems by 5.9% during the third quarter. Wedmont Private Capital now owns 1,983 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of FactSet Research Systems by 15.1% during the third quarter. GAMMA Investing LLC now owns 1,943 shares of the business services provider’s stock worth $525,000 after purchasing an additional 255 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of FactSet Research Systems by 14.3% during the third quarter. Farther Finance Advisors LLC now owns 1,512 shares of the business services provider’s stock worth $408,000 after purchasing an additional 189 shares during the period. 91.24% of the stock is currently owned by institutional investors.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.