FactSet Research Systems (NYSE:FDS) Hits New 1-Year High – What’s Next?

FactSet Research Systems Inc. (NYSE:FDS)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as $320.70 and last traded at $320.0180, with a volume of 519,316 shares trading hands. The stock had previously closed at $312.27.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FDS. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $230.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Wolfe Research lifted their price objective on shares of FactSet Research Systems from $225.00 to $240.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. William Blair upgraded shares of FactSet Research Systems from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 8th. Finally, Royal Bank Of Canada upped their price objective on shares of FactSet Research Systems from $240.00 to $304.00 and gave the company a “sector perform” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $271.79.

FactSet Research Systems Price Performance

The stock has a market cap of $11.38 billion, a PE ratio of 21.98, a PEG ratio of 1.70 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 stock’s 50-day moving average is $287.09 and its two-hundred day moving average is $256.60.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The business had revenue of $634.70 million during the quarter, compared to analysts’ expectations of $629.83 million. During the same quarter last year, the business posted $4.05 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. On average, equities analysts predict that FactSet Research Systems Inc. will post 19.63 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 31st were issued a $1.16 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.4%. FactSet Research Systems’s payout ratio is presently 31.87%.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $38,000. Parkside Financial Bank & Trust grew its stake in shares of FactSet Research Systems by 31.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 181 shares of the business services provider’s stock valued at $42,000 after buying an additional 43 shares during the period. State of Wyoming purchased a new position in FactSet Research Systems in the first quarter valued at approximately $51,000. CX Institutional boosted its position in FactSet Research Systems by 75.7% during the 2nd quarter. CX Institutional now owns 239 shares of the business services provider’s stock worth $55,000 after purchasing an additional 103 shares during the period. Finally, Danske Bank A S acquired a new position in FactSet Research Systems during the 2nd quarter worth approximately $64,000. 91.24% of the stock is owned by institutional investors and hedge funds.

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.