FactSet Research Systems Inc. (FDS) Reaches New 52-Week High at $179.46
FactSet Research Systems Inc. (NYSE:FDS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $179.46 and last traded at $178.59, with a volume of 55,654 shares. The stock had previously closed at $177.66.
FDS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Sterne Agee CRT restated a “neutral” rating on shares of FactSet Research Systems in a research report on Monday, May 16th. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Morgan Stanley restated a “hold” rating and set a $161.00 target price on shares of FactSet Research Systems in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They set an “outperform” rating and a $182.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $170.11.
The firm has a 50-day moving average price of $171.46 and a 200-day moving average price of $157.94. The company has a market cap of $7.25 billion and a P/E ratio of 28.94.
FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 28th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.03. The company had revenue of $287.50 million for the quarter. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. On average, analysts expect that FactSet Research Systems Inc. will post $6.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.13%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $167.50, for a total transaction of $167,500.00. Following the transaction, the vice president now owns 3,016 shares of the company’s stock, valued at approximately $505,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in FactSet Research Systems stock. Ameriprise Financial Inc. raised its stake in FactSet Research Systems Inc. (NYSE:FDS) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 506,689 shares of the company’s stock after buying an additional 36,169 shares during the period. Ameriprise Financial Inc. owned about 1.23% of FactSet Research Systems worth $82,373,000 as of its most recent filing with the SEC.
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.