Stifel Nicolaus Forecasts Strong Price Appreciation for FactSet Research Systems (NYSE:FDS) Stock

FactSet Research Systems (NYSE:FDS) had its price objective upped by stock analysts at Stifel Nicolaus from $292.00 to $325.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus‘s price target points to a potential downside of 0.42% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $280.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, September 11th. UBS Group reiterated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $250.00 to $290.00 and gave the stock an “underweight” rating in a report on Thursday, November 5th. Barclays upped their target price on shares of FactSet Research Systems from $250.00 to $305.00 and gave the company an “underweight” rating in a research report on Friday, November 6th. Finally, Weiss Ratings raised shares of FactSet Research Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $280.93.

FactSet Research Systems Trading Down 0.1%

Shares of NYSE FDS opened at $326.38 on Wednesday. FactSet Research Systems has a 1-year low of $185.00 and a 1-year high of $348.00. The company has a market cap of $11.51 billion, a PE ratio of 22.42, a P/E/G ratio of 1.83 and a beta of 0.69. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $296.81 and a two-hundred day moving average of $252.63.

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, beating the consensus estimate of $4.35 by $0.17. FactSet Research Systems had a net margin of 21.54% and a return on equity of 31.66%. The business had revenue of $634.70 million for the quarter, compared to analysts’ expectations of $629.83 million. During the same period in the prior year, the firm earned $4.05 earnings per share. FactSet Research Systems’s 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. As a group, equities analysts expect that FactSet Research Systems will post 19.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at about $35,000. USA Financial Formulas bought a new position in FactSet Research Systems in the third quarter valued at approximately $38,000. Parkside Financial Bank & Trust lifted its stake in FactSet Research Systems by 31.2% in the second 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 in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of FactSet Research Systems in the third quarter valued at approximately $48,000. Finally, State of Wyoming acquired a new position in shares of FactSet Research Systems in the first quarter valued at approximately $51,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems provides financial data, analytics, and workflow technology to investment professionals and businesses. Its platform brings together market and company data, research, and analytical tools to help clients evaluate investments, manage portfolios, and support financial decision-making. The company offers subscription-based products and services, including its workstation, data feeds, application programming interfaces, and portfolio analytics. Its clients include investment managers, investment banks, wealth managers, private equity firms, and corporations.