FactSet Research Systems (NYSE:FDS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of FactSet Research Systems Inc. (NYSE:FDS) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $251.42 and traded as high as $288.45. FactSet Research Systems shares last traded at $287.0770, with a volume of 1,128,516 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FDS shares. Wells Fargo & Company boosted their target price on shares of FactSet Research Systems from $210.00 to $250.00 and gave the stock an “underweight” rating in a research report on Thursday, October 1st. Wolfe Research increased their price target 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. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $254.00 to $292.00 and gave the company a “hold” rating in a report on Thursday, October 1st. Jefferies Financial Group upped their price objective on FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $270.79.

FactSet Research Systems Trading Up 0.1%

The company has a current ratio of 0.60, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average is $284.30 and its two-hundred day moving average is $251.67. The firm has a market cap of $10.20 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.61 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Wednesday, September 30th. The business services provider reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.35 by $0.17. The business had revenue of $634.70 million during the quarter, compared to analyst estimates of $629.83 million. FactSet Research Systems had a return on equity of 31.66% and a net margin of 21.54%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.05 EPS. FactSet Research Systems has set its FY 2027 guidance at 19.250-19.650 EPS. As a group, analysts expect that FactSet Research Systems Inc. will post 19.65 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Monday, August 31st were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of 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 purchasing an additional 43 shares during the last quarter. State of Wyoming bought a new stake in FactSet Research Systems in the 1st quarter valued at $51,000. CX Institutional grew its position in FactSet Research Systems by 75.7% during the second quarter. CX Institutional now owns 239 shares of the business services provider’s stock worth $55,000 after buying an additional 103 shares in the last quarter. Danske Bank A S acquired a new stake in FactSet Research Systems during the second quarter worth $64,000. Finally, GK Wealth Management LLC acquired a new stake in shares of FactSet Research Systems during the 3rd quarter valued at about $77,000. 91.24% of the stock is owned by institutional investors and hedge funds.

About FactSet Research Systems

FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.