Wells Fargo & Company Cuts FactSet Research Systems (NYSE:FDS) Price Target to $215.00

FactSet Research Systems (NYSE:FDS) had its target price trimmed by Wells Fargo & Company from $265.00 to $215.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the business services provider’s stock.

FDS has been the topic of several other research reports. Huber Research raised FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a report on Friday, December 19th. Jefferies Financial Group restated a “hold” rating and issued a $305.00 price target on shares of FactSet Research Systems in a report on Friday, December 19th. BMO Capital Markets decreased their target price on shares of FactSet Research Systems from $311.00 to $305.00 and set a “market perform” rating for the company in a research report on Monday, December 22nd. Finally, Evercore lifted their price target on shares of FactSet Research Systems from $320.00 to $321.00 and gave the stock an “in-line” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $308.83.

FactSet Research Systems Stock Down 0.8%

Shares of NYSE:FDS opened at $207.53 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $279.80 and its 200 day moving average is $309.27. The stock has a market cap of $7.70 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.73. FactSet Research Systems has a 52-week low of $201.80 and a 52-week high of $474.79.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $4.36 by $0.15. FactSet Research Systems had a return on equity of 30.49% and a net margin of 25.40%.The firm had revenue of $607.62 million for the quarter, compared to analyst estimates of $599.69 million. During the same quarter last year, the firm posted $4.37 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, February 27th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.1%. FactSet Research Systems’s dividend payout ratio is currently 27.99%.

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

Insider Buying and Selling

In related news, Director Malcolm Frank sold 2,572 shares of the 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 transaction, the director owned 879 shares in the company, valued at approximately $259,920.30. This represents a 74.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laurie Siegel sold 2,572 shares of FactSet Research Systems 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 owned 1,037 shares of the company’s stock, valued at approximately $307,211.25. The trade was 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 owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Running Oak Capital LLC increased its stake in shares of FactSet Research Systems by 14.0% in the 3rd quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock worth $11,842,000 after acquiring an additional 5,072 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of FactSet Research Systems by 8.8% in the 2nd quarter. Vest Financial LLC now owns 125,526 shares of the business services provider’s stock worth $56,145,000 after acquiring an additional 10,172 shares during the last quarter. Financial Strategies Group Inc. acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $7,920,000. Investment House LLC purchased a new stake in FactSet Research Systems during the third quarter worth about $2,951,000. Finally, J. W. Coons Advisors LLC boosted its stake in shares of FactSet Research Systems by 139.8% in the second quarter. J. W. Coons Advisors LLC now owns 3,465 shares of the business services provider’s stock valued at $1,550,000 after purchasing an additional 2,020 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.