Zacks Investment Research upgraded shares of FactSet Research Systems Inc. (NYSE:FDS) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $200.00 target price on the business services provider’s stock.

According to Zacks, “The Global business information service provider, FactSet recently reported better-than-expected results for the fourth quarter. Moreover, we are encouraged by favorable year-over-year comparisons on both counts as well as an impressive guidance for the first quarter of fiscal 2018. FactSet’s sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base has helped keep afloat amid the current macroeconomic challenges. Moreover, its strategy of growing through acquisitions is praiseworthy. However, increasing competition from Bloomberg, Dow Jones & Company, MSCI and Thomson Reuters, which are also coming up with substitute products at competitive prices, is a material headwind for the company. Notably, FactSet has underperformed the industry to which it belongs to in the year-to-date period.”

Several other research analysts have also weighed in on the stock. BidaskClub raised shares of FactSet Research Systems from a hold rating to a buy rating in a report on Saturday, July 1st. Northcoast Research raised shares of FactSet Research Systems from a neutral rating to a buy rating and set a $195.00 price objective for the company in a report on Thursday, September 21st. Credit Suisse Group reissued an outperform rating and set a $200.00 price objective (up from $190.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Stifel Nicolaus reissued a hold rating and set a $169.00 price objective (up from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Bank of America Corporation reissued a neutral rating and set a $192.00 price objective (up from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. FactSet Research Systems currently has an average rating of Hold and a consensus price target of $171.82.

Shares of FactSet Research Systems (NYSE FDS) traded down 0.536% during trading on Tuesday, hitting $177.235. 220,578 shares of the company were exchanged. The company’s 50-day moving average price is $167.82 and its 200 day moving average price is $164.57. FactSet Research Systems has a 12 month low of $150.95 and a 12 month high of $184.20. The stock has a market cap of $6.95 billion, a P/E ratio of 20.666 and a beta of 0.98.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.01. The business had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.69 EPS. On average, equities analysts predict that FactSet Research Systems will post $8.19 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.36%.

In other news, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at approximately $2,040,366.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now directly owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders sold a total of 17,841 shares of company stock valued at $3,224,739 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eads & Heald Investment Counsel boosted its holdings in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock valued at $392,000 after buying an additional 20 shares during the period. FineMark National Bank & Trust boosted its holdings in shares of FactSet Research Systems by 1.0% in the 2nd quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock valued at $363,000 after buying an additional 22 shares during the period. World Asset Management Inc boosted its holdings in shares of FactSet Research Systems by 1.3% in the 2nd quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock valued at $473,000 after buying an additional 36 shares during the period. NewFocus Financial Group LLC boosted its holdings in shares of FactSet Research Systems by 0.3% in the 2nd quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock valued at $2,180,000 after buying an additional 41 shares during the period. Finally, Sawtooth Solutions LLC boosted its holdings in shares of FactSet Research Systems by 3.1% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock valued at $285,000 after buying an additional 52 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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