FactSet Research Systems (FDS) Sets New 52-Week High at $237.29
FactSet Research Systems Inc. (NYSE:FDS) reached a new 52-week high on Friday . The company traded as high as $237.29 and last traded at $235.20, with a volume of 1965 shares changing hands. The stock had previously closed at $236.04.
A number of equities research analysts recently weighed in on the company. Morgan Stanley set a $210.00 price target on FactSet Research Systems and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded FactSet Research Systems from a “hold” rating to a “buy” rating and set a $251.00 price target on the stock in a research note on Tuesday, August 28th. ValuEngine upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co increased their price target on FactSet Research Systems from $185.00 to $190.00 and gave the company a “market perform” rating in a research note on Wednesday, June 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus price target of $199.31.
The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.07. The company has a market cap of $8.92 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 2.28 and a beta of 0.99.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Friday, August 31st will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, August 30th. FactSet Research Systems’s dividend payout ratio is 35.02%.
In other FactSet Research Systems news, CFO Maurizio Nicolelli sold 10,487 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $203.89, for a total value of $2,138,194.43. Following the transaction, the chief financial officer now directly owns 11,352 shares of the company’s stock, valued at approximately $2,314,559.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Philip A. Hadley sold 70,000 shares of the company’s stock in a transaction on Friday, July 13th. The shares were sold at an average price of $203.63, for a total value of $14,254,100.00. Following the completion of the transaction, the director now directly owns 651,191 shares in the company, valued at $132,602,023.33. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FDS. Bruderman Asset Management LLC acquired a new position in FactSet Research Systems in the 2nd quarter valued at $112,000. Birch Hill Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems during the 1st quarter worth $202,000. Hall Laurie J Trustee acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth $218,000. SRS Capital Advisors Inc. grew its holdings in shares of FactSet Research Systems by 35.3% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,166 shares of the business services provider’s stock worth $231,000 after purchasing an additional 304 shares in the last quarter. Finally, Mission Wealth Management LP grew its holdings in shares of FactSet Research Systems by 28.4% during the 2nd quarter. Mission Wealth Management LP now owns 1,400 shares of the business services provider’s stock worth $277,000 after purchasing an additional 310 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.
About FactSet Research Systems (NYSE:FDS)
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
Further Reading: How Do You Calculate Return on Investment (ROI)?
Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.