That’s why I Feel Comfortable With Factset Research Systems Inc.’s (FDS) Future

Factset Research Systems Inc. [FDS] stock prices are up 5.07% to $469.48 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FDS shares have gain 6.73% over the last week, with a monthly amount glided 13.87%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Factset Research Systems Inc. [NYSE: FDS] stock has seen the most recent analyst activity on August 13, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $435. Previously, BofA Securities downgraded its rating to Underperform on May 30, 2024, and dropped its price target to $407. On April 11, 2024, Wolfe Research initiated with a Underperform rating and assigned a price target of $430 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $460 on March 22, 2024. Deutsche Bank downgraded its rating to a Hold and raised its price target to $480 on December 08, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 25, 2023, and downed its price target to $464.

The stock price of Factset Research Systems Inc. [FDS] has been fluctuating between $391.84 and $488.64 over the past year. Currently, Wall Street analysts expect the stock to reach $430 within the next 12 months. Factset Research Systems Inc. [NYSE: FDS] shares were valued at $469.48 at the most recent close of the market. An investor can expect a potential drop of -8.41% based on the average FDS price forecast.

Analyzing the FDS fundamentals

The Factset Research Systems Inc. [NYSE:FDS] reported sales of 2.20B for trailing twelve months, representing a surge of 4.93%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.29 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.77.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 455.77 points at the first support level, and at 442.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 479.22, and for the 2nd resistance point, it is at 488.96.

Ratios To Look Out For

It’s worth pointing out that Factset Research Systems Inc. [NYSE:FDS]’s Current Ratio is 1.25. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 8.11, the price to book ratio is 9.45 and price to earnings (TTM) ratio is 33.77.

Transactions by insiders

Recent insider trading involved Snow Frederick Philip, Chief Executive Officer, that happened on Sep 03 ’24 when 3000.0 shares were sold. Officer, Snow Frederick Philip completed a deal on Sep 03 ’24 to buy 3000.0 shares. Meanwhile, Chief Executive Officer Snow Frederick Philip sold 3000.0 shares on Aug 01 ’24.

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