FactSet Research Systems (NYSE:FDS) Coverage Initiated at Bank of America

Analysts at Bank of America initiated coverage on shares of FactSet Research Systems (NYSE:FDS) in a research note issued on Tuesday. The brokerage set an “underperform” rating and a $195.00 price target on the business services provider’s stock. Bank of America‘s price target indicates a potential downside of 1.48% from the stock’s current price.

Other research analysts have also issued reports about the company. The Goldman Sachs Group cut their target price on FactSet Research Systems from $282.00 to $253.00 and set a “sell” rating on the stock in a research report on Friday, December 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $305.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 19th. Morgan Stanley set a $307.00 target price on shares of FactSet Research Systems and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada reaffirmed 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, Stifel Nicolaus dropped 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 research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $298.54.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $197.92 on Tuesday. The stock has a fifty day moving average price of $266.53 and a 200 day moving average price of $296.72. FactSet Research Systems has a 52 week low of $185.00 and a 52 week high of $474.79. The firm has a market capitalization of $7.34 billion, a P/E ratio of 12.59, a PEG ratio of 1.74 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 18th. The business services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $4.36 by $0.15. FactSet Research Systems had a net margin of 25.40% and a return on equity of 30.49%. The company had revenue of $607.62 million during the quarter, compared to the consensus estimate of $599.69 million. During the same quarter in the prior year, the company posted $4.37 EPS. The company’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. Equities research analysts anticipate that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems announced that its board has initiated a stock buyback program on Thursday, December 18th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at FactSet Research Systems

In other news, Director Laurie Siegel sold 2,572 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $296.25, for a total transaction of $761,955.00. Following the completion of the sale, the director directly owned 1,037 shares in the company, valued at $307,211.25. This trade represents a 71.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Malcolm Frank sold 2,572 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $295.70, for a total value of $760,540.40. Following the completion of the transaction, the director owned 879 shares in the company, valued at approximately $259,920.30. This trade represents a 74.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in FactSet Research Systems by 444,058.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock worth $4,021,376,000 after acquiring an additional 13,854,613 shares in the last quarter. Bamco Inc. NY grew its stake in FactSet Research Systems by 58.8% in the fourth quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock worth $838,314,000 after purchasing an additional 1,069,786 shares in the last quarter. AQR Capital Management LLC increased its holdings in FactSet Research Systems by 4,547.4% in the fourth quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock valued at $204,602,000 after buying an additional 689,891 shares during the last quarter. Bank of Montreal Can raised its stake in FactSet Research Systems by 1,843.9% during the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock valued at $173,453,000 after buying an additional 566,975 shares in the last quarter. Finally, Norges Bank bought a new position in FactSet Research Systems during the 4th quarter worth approximately $151,492,000. Institutional investors own 91.24% of the company’s stock.

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.