FactSet Research Systems Inc. (FDS) Sets New 12-Month High at $182.06
FactSet Research Systems Inc. (NYSE:FDS) shares reached a new 52-week high on Monday . The stock traded as high as $182.06 and last traded at $181.52, with a volume of 286,700 shares traded. The stock had previously closed at $180.13.
Several research firms recently weighed in on FDS. Macquarie began coverage on shares of FactSet Research Systems in a research report on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price objective on the stock. Barclays PLC upped their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research report on Friday, August 19th. Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They issued an “outperform” rating and a $182.00 price objective on the stock. Finally, Zacks Investment Research lowered FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. One 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. The stock currently has an average rating of “Hold” and a consensus target price of $170.11.
The firm’s 50 day moving average price is $173.56 and its 200-day moving average price is $159.25. The company has a market capitalization of $7.38 billion and a PE ratio of 29.47.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.03. The business 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 in the previous year, the business earned $1.46 earnings per share. On average, equities research analysts forecast that FactSet Research Systems Inc. will post $6.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors 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 yield of 1.10%. The ex-dividend date is Monday, August 29th.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $161.00, for a total transaction of $161,000.00. Following the sale, the director now owns 3,500 shares of the company’s stock, valued at approximately $563,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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