Wells Fargo & Company Issues Positive Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its target price upped by investment analysts at Wells Fargo & Company from $260.00 to $265.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 9.93% from the company’s previous close.

A number of other equities analysts have also commented on FDS. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Monday, December 29th. Huber Research upgraded shares of FactSet Research Systems from a “strong sell” rating to a “strong-buy” rating in a report on Friday, December 19th. Stifel Nicolaus decreased their price objective 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. Royal Bank Of Canada reiterated a “sector perform” rating and set a $320.00 price target on shares of FactSet Research Systems in a research report on Friday, December 19th. Finally, Morgan Stanley set a $307.00 target price on FactSet Research Systems and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Reduce” and a consensus price target of $313.00.

FactSet Research Systems Stock Performance

Shares of NYSE FDS traded up $2.44 during mid-day trading on Wednesday, reaching $294.21. 72,955 shares of the company’s stock were exchanged, compared to its average volume of 465,498. The firm has a market capitalization of $10.92 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75. The firm has a 50-day moving average price of $282.56 and a two-hundred day moving average price of $330.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.54 and a quick ratio of 1.54. FactSet Research Systems has a 52 week low of $250.50 and a 52 week high of $477.92.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, December 18th. The business services provider reported $4.51 earnings per share 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 company had revenue of $607.62 million during the quarter, compared to analysts’ expectations of $599.69 million. During the same period in the previous year, the business earned $4.37 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 16.900-17.600 EPS. Analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems announced that its board has authorized a stock repurchase program on Thursday, December 18th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the business services provider to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, EVP Goran Skoko purchased 500 shares of the stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $252.93 per share, with a total value of $126,465.00. Following the completion of the acquisition, the executive vice president owned 9,192 shares in the company, valued at $2,324,932.56. This trade represents a 5.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel sold 2,572 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $296.25, for a total value of $761,955.00. Following the completion of the sale, the director owned 1,037 shares in the company, valued at $307,211.25. The trade was 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 owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FDS. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of FactSet Research Systems by 57.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock valued at $370,873,000 after buying an additional 301,129 shares during the period. Two Sigma Investments LP boosted its stake in FactSet Research Systems by 1,356.3% during the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock worth $80,151,000 after buying an additional 260,557 shares during the period. Invesco Ltd. increased its holdings in FactSet Research Systems by 39.2% in the 2nd quarter. Invesco Ltd. now owns 683,146 shares of the business services provider’s stock valued at $305,558,000 after purchasing an additional 192,448 shares during the last quarter. PFG Advisors grew its stake in shares of FactSet Research Systems by 4,209.8% in the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after buying an additional 187,545 shares in the last quarter. Finally, Barclays PLC lifted its stake in FactSet Research Systems by 159.3% during the 3rd quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock worth $78,079,000 after acquiring an additional 167,424 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.