FactSet Research Systems (NYSE:FDS) Coverage Initiated at Evercore ISI

Evercore ISI initiated coverage on shares of FactSet Research Systems (NYSE:FDS) in a report released on Wednesday morning, Marketbeat reports. The brokerage issued an inline rating and a $470.00 price objective on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. UBS Group raised their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the company a neutral rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an equal weight rating in a research report on Friday, September 20th. BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the company a market perform rating in a research report on Friday, September 20th. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a hold rating in a report on Friday, September 20th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a report on Monday, June 24th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $448.46.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $457.00 on Wednesday. The stock’s 50 day simple moving average is $428.64 and its two-hundred day simple moving average is $427.60. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $488.64. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same period last year, the company posted $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that FactSet Research Systems will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock valued at $12,688,945 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after buying an additional 115,561 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in FactSet Research Systems by 53.3% in the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after acquiring an additional 94,952 shares in the last quarter. Norden Group LLC boosted its stake in FactSet Research Systems by 1,844.5% in the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider’s stock worth $20,761,000 after purchasing an additional 43,346 shares in the last quarter. Dimensional Fund Advisors LP grew its position in FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of FactSet Research Systems by 198.2% in the first quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider’s stock worth $23,352,000 after buying an additional 34,156 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.