As of August 23, 2023, Factset Research Systems Inc. (NYSE:FDS) has received a consensus rating of “Hold” from twelve analysts covering the company, according to Bloomberg Ratings. Among these analysts, one has given a sell rating, six have assigned a hold rating, and five have provided a buy rating for the company. The average 1-year price target among brokers who have issued ratings on the stock in the past year is $441.50.

In recent news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems’ stock on Tuesday, August 1st. The shares were sold at an average price of $433.22, resulting in a total value of $1,299,660.00. Following this transaction, Snow now holds 8,247 shares in the company valued at $3,572,765.34. This information was disclosed in a legal filing with the Securities and Exchange Commission (SEC), available at this hyperlink. As per the filing, company insiders currently own 0.97% of FactSet Research Systems’ stock.

FactSet Research Systems released its quarterly earnings data on Thursday, June 22nd. During this quarter, the business services provider reported earnings per share of $3.79 – exceeding analysts’ consensus estimates by $0.17 ($3.62). Additionally, FactSet Research Systems achieved a return on equity of 37.65% and a net margin of 24.77%. The company generated revenue amounting to $529.80 million during this quarter compared to analysts’ expectations of $527.56 million – representing an 8.4% year-over-year increase in revenue for the same period last year ($3.76 EPS).

Equities research analysts are forecasting that FactSet Research Systems will post earnings per share amounting to $15.07 for the current fiscal year.

Overall, the consensus rating of “Hold” suggests a cautious outlook on FactSet Research Systems Inc. from analysts. However, it is worth noting that some analysts have recommended buying the company’s stock, indicating potential opportunities for investors. The recent sale of shares by the CEO may also be of interest to market participants, as it provides insights into the confidence and strategy of company insiders.

Investors and interested individuals can refer to the SEC filing mentioned above for more detailed information regarding the recent stock sale by CEO Frederick Philip Snow. As always, conducting thorough research and analysis is advisable before making any investment decisions.

FactSet Research Systems (FDS): Analyst Coverage, Institutional Investing, and Stock Performance

FactSet Research Systems (FDS) has recently received coverage and target price upgrades from various brokerages. Bank of America initiated coverage on the company with a “neutral” rating, while Stifel Nicolaus increased its target price from $419.00 to $440.00. The Goldman Sachs Group also raised its target price on FDS from $365.00 to $380.00, and 22nd Century Group maintained its rating on the stock. Wells Fargo & Company, on the other hand, initiated coverage with an “equal weight” rating and a target price of $435.00.

Institutional investors and hedge funds have also been actively buying and selling shares of FDS. Vanguard Group Inc., for instance, grew its holdings by 1.2% in the first quarter, acquiring an additional 52,604 shares worth $1,866,025,000 in total. State Street Corp increased its holdings by 1.7%, purchasing an extra 32,550 shares valued at $863,125,000 in total during the same period. Other investors such as Ninety One UK Ltd and Kayne Anderson Rudnick Investment Management LLC also saw slight increases in their positions.

With regards to the stock’s performance, FDS opened at $430.11 on the New York Stock Exchange (NYSE) on August 23, 2023. The company currently has a market capitalization of $16.41 billion and a price-to-earnings (PE) ratio of 32.96. Additionally, it has a price-to-earnings-growth (PEG) ratio of 2.59 and a beta of 0.83.

FactSet Research Systems boasts favorable liquidity ratios with a quick ratio and current ratio both measuring at 2.11; indicating sufficient short-term liquidity capabilities for covering obligations when due.

The company’s debt-to-equity ratio stands at 1.00, suggesting a balanced capital structure. FactSet Research Systems has achieved a strong financial position, reflected by its 52-week low of $377.89 and 52-week high of $474.13.

In terms of moving averages, the stock has shown stability with a 50-day moving average price of $417.45 and a 200-day moving average price of $411.47.

The information provided gives investors and market participants an overview of recent developments surrounding FDS and allows for better assessment when making investment decisions. As always, it is advisable to conduct further research and analysis before taking any investment action.

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