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.
A number of brokerages recently issued reports on FDS. Macquarie began coverage on shares of FactSet Research Systems in a research note on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price target for the company. Barclays PLC lifted their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Cantor Fitzgerald reissued a “hold” rating on shares of FactSet Research Systems in a report on Friday, August 19th. Credit Suisse Group AG began coverage on shares of FactSet Research Systems in a report on Monday, July 11th. They set an “outperform” rating and a $182.00 price objective on the stock. Finally, Zacks Investment Research cut shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $170.11.
The company has a 50 day moving average of $172.42 and a 200 day moving average of $158.80. The company has a market cap of $7.27 billion and a P/E ratio of 29.03.
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. During the same period in the prior year, the business posted $1.46 EPS. The business had revenue of $287.50 million for the quarter. The company’s revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems Inc. will post $6.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, August 29th.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the transaction, the vice president now directly owns 3,016 shares in the company, valued at $505,180. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A hedge fund recently raised its stake in FactSet Research Systems stock. I.G. Investment Management LTD. boosted its stake in FactSet Research Systems Inc. (NYSE:FDS) by 2,163.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,383 shares of the company’s stock after buying an additional 43,378 shares during the period. I.G. Investment Management LTD. owned 0.11% of FactSet Research Systems worth $7,378,000 as of its most recent SEC filing.
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.
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