FactSet Research Systems Inc. (NYSE:FDS) Receives $449.38 Average PT from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $436.27.

FDS has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. UBS Group reduced their target price on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th.

FactSet Research Systems Trading Up 0.3 %

Shares of FDS opened at $440.90 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.77 billion, a PE ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The stock has a 50 day simple moving average of $454.52 and a 200-day simple moving average of $464.67.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same period last year, the business earned $4.22 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the transaction, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the 4th quarter worth approximately $69,128,000. Point72 Asset Management L.P. bought a new position in shares of FactSet Research Systems during the fourth quarter worth $66,368,000. Geode Capital Management LLC grew its holdings in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after buying an additional 94,668 shares during the period. Meridiem Capital Partners LP bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in FactSet Research Systems during the 4th quarter worth $39,284,000. 91.24% of the stock is owned by institutional investors.

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.