Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) PT at $453.23

FactSet Research Systems Inc. (NYSE:FDS) has received an average rating of “Reduce” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $453.23.

Several equities analysts have weighed in on FDS shares. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. BMO Capital Markets cut their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research note on Monday, December 23rd. Wells Fargo & Company reduced their target price on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new position in FactSet Research Systems in the third quarter valued at $26,000. Cary Street Partners Financial LLC acquired a new stake in FactSet Research Systems in the 4th quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems in the 3rd quarter valued at about $34,000. Brooklyn Investment Group purchased a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $35,000. Finally, Allworth Financial LP grew its position in shares of FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

NYSE:FDS opened at $455.23 on Friday. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The stock has a market cap of $17.31 billion, a PE ratio of 32.63, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day moving average price of $467.22 and a 200 day moving average price of $460.95.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $4.12 EPS. Equities research analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

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.