Bank of America Corp. Analysts Give FactSet Research Systems Inc. (FDS) a $185.00 Price Target
A number of other research firms have also issued reports on FDS. Zacks Investment Research lowered shares of FactSet Research Systems from a hold rating to a sell rating in a report on Tuesday, September 6th. Macquarie assumed coverage on shares of 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 upped their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an equal weight rating in a report on Tuesday, August 23rd. Cantor Fitzgerald reissued a hold rating on shares of FactSet Research Systems in a report on Friday, August 19th. Finally, Credit Suisse Group AG began coverage on shares of FactSet Research Systems in a report on Monday, July 11th. They issued an outperform rating and a $182.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $170.56.
FactSet Research Systems (NYSE:FDS) opened at 176.55 on Thursday. The firm’s 50-day moving average is $175.99 and its 200-day moving average is $161.45. The stock has a market cap of $7.18 billion, a P/E ratio of 28.66 and a beta of 0.68. FactSet Research Systems has a 52-week low of $135.95 and a 52-week high of $183.17.
FactSet Research Systems (NYSE:FDS) last released 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 net margin of 23.30% and a return on equity of 47.11%. The business earned $287.50 million during the quarter. During the same period in the previous year, the company earned $1.46 EPS. FactSet Research Systems’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems will post $6.40 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.13%. FactSet Research Systems’s dividend payout ratio is currently 32.47%.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $161.00, for a total value of $161,000.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $563,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC raised its position in shares of FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock valued at $115,000 after buying an additional 195 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the period. Glenmede Trust Co. NA raised its position in shares of FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the period. Southeast Asset Advisors Inc. acquired a new position in shares of FactSet Research Systems during the second quarter worth about $202,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of FactSet Research Systems during the second quarter worth about $208,000. Institutional investors own 94.31% of the company’s stock.
FactSet Research Systems Company Profile
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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