Monthly Stock Report: FactSet Research Systems Inc. (FDS)
Publication Date: September 22, 2024
Company Overview
FactSet Research Systems Inc. (FDS) is a premier financial data company headquartered in Norwalk, Connecticut. Since its inception in 1978, FactSet has been committed to providing integrated financial information and analytical applications, catering to a diverse clientele that spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Operating within the Financial Services sector, specifically the Financial Data & Stock Exchanges industry, FactSet offers critical insights and technology solutions that empower investment decision-making. By establishing a synergy between finance and data analytics, the company plays a vital role in today’s complex investment landscape.
Market Performance and Analyst Insights
As of now, FactSet’s stock is priced at $465.91, exhibiting a notable potential upside with a target high set at $503.00. The average price target, based on consensus from 15 analysts, stands at $447.46, while the median price target is slightly higher at $451.87. These figures indicate a cautious outlook among analysts, reflected in the mean recommendation score of 3.1, suggesting a hold on shares. With approximately 38.04 million shares outstanding, 2.29 million (or 6.85% of the float) are currently shorted, illustrating a relatively low level of short interest.
The stock has shown resilience with a revenue of approximately $2.2 billion, emphasizing the company’s financial stability amidst market fluctuations. Despite this strength, the absence of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) data presents challenges in fully assessing profitability. With its fifty-two-week high reaching $488.64 and a low of $391.84, the stock is currently performing above its fifty-day moving average of $421.67, indicating positive momentum and potential for further appreciation.
Insights for Investors
Investors are advised to exercise caution, given the stock’s current proximity to its fifty-two-week high. While the significant gap above the fifty-day average suggests potential for growth, it also raises questions about the sustainability of momentum. The existing market climate advocates for a hold strategy, allowing investors to capitalize on FactSet’s operational effectiveness while remaining vigilant for any shifts in market dynamics. As always, thorough analysis and consideration of individual investment goals are essential when navigating decisions in the ever-evolving financial landscape.
| Metric | Value |
|---|---|
| Market Cap | $17.7b |
| Total Debt | $1.6b |
| Total Cash | $492.6m |
| Shares Outstanding | 38.0m |
| Float Shares | 37.9m |
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