FactSet Research Systems (NYSE:FDS) Now Covered by Bank of America

Stock analysts at Bank of America initiated coverage on shares of FactSet Research Systems (NYSE:FDS) in a research note issued on Tuesday. The brokerage set an “underperform” rating and a $195.00 price target on the business services provider’s stock. Bank of America‘s price objective points to a potential downside of 5.20% from the company’s previous close.

FDS has been the subject of a number of other research reports. Stifel Nicolaus cut their price target on shares of FactSet Research Systems from $372.00 to $295.00 and set a “hold” rating for the company in a report on Friday, December 19th. Evercore increased their target price on shares of FactSet Research Systems from $320.00 to $321.00 and gave the company an “in-line” rating in a report on Thursday, January 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $320.00 price target on shares of FactSet Research Systems in a report on Friday, December 19th. Huber Research raised FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $300.08.

FactSet Research Systems Trading Up 1.9%

Shares of FactSet Research Systems stock opened at $205.69 on Tuesday. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.88 and a beta of 0.73. The company’s 50-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 quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.63.

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

FactSet Research Systems announced that its Board of Directors has approved a share repurchase 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 purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other FactSet Research Systems news, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the transaction, the director directly owned 879 shares in the company, valued at approximately $259,920.30. The trade was a 74.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laurie Siegel sold 2,572 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $296.25, for a total value of $761,955.00. Following the sale, the director owned 1,037 shares in the company, valued at $307,211.25. This trade represents a 71.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Jones Financial Companies Lllp boosted its position in shares of FactSet Research Systems by 5.6% in the first 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 during the last quarter. Empowered Funds LLC raised its stake in FactSet Research Systems by 27.6% during the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 64 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at $281,000. Finally, Mutual Advisors LLC increased its holdings in shares of FactSet Research Systems by 11.2% during the 2nd quarter. Mutual Advisors LLC now owns 1,019 shares of the business services provider’s stock worth $427,000 after buying an additional 103 shares during the last quarter. 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.