Bank of America Corp. Analysts Give FactSet Research Systems Inc. (FDS) a $185.00 Price Target
Bank of America Corp. set a $185.00 price objective on FactSet Research Systems Inc. (NYSE:FDS) in a research report report published on Thursday morning. The firm currently has a a hold rating on the stock.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut FactSet Research Systems from a hold rating to a sell rating in a report on Tuesday, September 13th. Macquarie initiated coverage on FactSet Research Systems in a report on Thursday, August 25th. They set a neutral rating and a $180.00 target price for the company. Barclays PLC boosted their price target on 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 reissued a hold rating on shares of FactSet Research Systems in a research report on Friday, August 19th. Finally, Credit Suisse Group AG initiated coverage on FactSet Research Systems in a research report on Monday, July 11th. They set an outperform rating and a $182.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $170.56.
FactSet Research Systems (NYSE:FDS) opened at 176.55 on Thursday. The stock’s 50 day moving average is $175.99 and its 200-day moving average is $161.45. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 28.66 and a beta of 0.68. FactSet Research Systems has a 12 month low of $135.95 and a 12 month high of $183.17.
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, topping the Zacks’ consensus estimate of $1.61 by $0.03. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. The business earned $287.50 million during the quarter. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that FactSet Research Systems will post $6.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, August 29th. FactSet Research Systems’s payout ratio is 32.47%.
In related news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s 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 directly owns 3,500 shares of the company’s stock, valued at approximately $563,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of FDS. Norges Bank purchased a new stake in FactSet Research Systems during the fourth quarter valued at about $61,644,000. Donald L. Hagan LLC raised its stake in FactSet Research Systems by 1.3% in the first quarter. Donald L. Hagan LLC now owns 4,449 shares of the company’s stock valued at $674,000 after buying an additional 57 shares in the last quarter. Wendell David Associates Inc. raised its stake in FactSet Research Systems by 7.1% in the first quarter. Wendell David Associates Inc. now owns 39,921 shares of the company’s stock valued at $6,068,000 after buying an additional 2,631 shares in the last quarter. Handelsinvest Investeringsforvaltning raised its stake in FactSet Research Systems by 8.0% in the first quarter. Handelsinvest Investeringsforvaltning now owns 8,100 shares of the company’s stock valued at $1,227,000 after buying an additional 600 shares in the last quarter. Finally, Profit Investment Management LLC raised its stake in FactSet Research Systems by 27.9% in the first quarter. Profit Investment Management LLC now owns 8,384 shares of the company’s stock valued at $1,270,000 after buying an additional 1,830 shares in the last quarter. 94.31% of the stock is currently owned by institutional investors and hedge funds.
About FactSet Research Systems
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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