FactSet Research Systems (NYSE:FDS) PT Lowered to $367.00

Posted by Defense World Staff on Sep 23rd, 2023

FactSet Research Systems (NYSE:FDS – Get Free Report) had its price target lowered by research analysts at The Goldman Sachs Group from $380.00 to $367.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage currently has a “sell” rating on the business services provider’s stock. The Goldman Sachs Group’s price target points to a potential downside of 15.80% from the stock’s previous close.

Several other analysts have also commented on FDS. Stifel Nicolaus boosted their price target on FactSet Research Systems from $419.00 to $440.00 in a research note on Tuesday, June 20th. BMO Capital Markets decreased their price target on FactSet Research Systems from $424.00 to $419.00 in a research note on Monday, June 26th. 22nd Century Group reaffirmed a “maintains” rating on shares of FactSet Research Systems in a research note on Tuesday, June 27th. Royal Bank of Canada lowered FactSet Research Systems from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $500.00 to $464.00 in a research note on Friday, August 25th. Finally, Bank of America assumed coverage on FactSet Research Systems in a research note on Thursday, June 15th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $442.73.

View Our Latest Report on FDS

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $435.85 on Thursday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $429.96 and its two-hundred day moving average is $412.58. The company has a market cap of $16.63 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.34 and a beta of 0.81. FactSet Research Systems has a 12 month low of $377.89 and a 12 month high of $474.13.

FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings data on Thursday, September 21st. The business services provider reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.51 by ($0.58). FactSet Research Systems had a return on equity of 37.65% and a net margin of 24.77%. The firm had revenue of $535.80 million for the quarter, compared to analyst estimates of $535.32 million. During the same period in the previous year, the business posted $3.13 EPS. FactSet Research Systems’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts expect that FactSet Research Systems will post 15.07 EPS for the current year.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $438.78, for a total transaction of $1,316,340.00. Following the completion of the sale, the chief executive officer now owns 8,247 shares in the company, valued at $3,618,618.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in FactSet Research Systems by 82.9% in the second quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 29 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of FactSet Research Systems in the second quarter worth about $30,000. Clear Street Markets LLC increased its holdings in shares of FactSet Research Systems by 94.9% in the first quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after acquiring an additional 37 shares in the last quarter. Tyler Stone Wealth Management bought a new stake in shares of FactSet Research Systems in the second quarter worth about $32,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of FactSet Research Systems in the second quarter worth about $32,000. Institutional investors own 89.50% of the company’s stock.

About FactSet Research Systems

(Get Free Report)

FactSet Research Systems Inc, a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.