Analysts Set FactSet Research Systems Inc. (NYSE:FDS) Target Price at $432.27

FactSet Research Systems Inc. (NYSE:FDS) has been assigned an average rating of “Reduce” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $432.27.

Several analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price target for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Morgan Stanley lifted their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Wells Fargo & Company upgraded FactSet Research Systems to a “hold” rating in a research note on Tuesday, August 13th.

Insiders Place Their Bets

In other news, Director Robin Ann Abrams sold 2,375 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. Insiders sold a total of 12,432 shares of company stock valued at $5,166,986 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC increased its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC lifted its position in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the period. Gladius Capital Management LP bought a new position in FactSet Research Systems in the 2nd quarter valued at about $33,000. Finally, SJS Investment Consulting Inc. raised its position in shares of FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.7 %

FactSet Research Systems stock opened at $424.03 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The firm has a fifty day moving average price of $415.54 and a two-hundred day moving average price of $429.30. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 31.98, a P/E/G ratio of 2.53 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.46. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.79 EPS. As a group, analysts forecast that FactSet Research Systems will post 16.29 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.