FactSet Research Systems (FDS) PT Lowered to $200.00
FactSet Research Systems (NYSE:FDS) had its target price decreased by Morgan Stanley from $207.00 to $200.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.
A number of other analysts have also weighed in on FDS. Credit Suisse Group assumed coverage on shares of FactSet Research Systems in a research report on Friday, December 7th. They issued a neutral rating and a $238.00 target price on the stock. Zacks Investment Research lowered shares of FactSet Research Systems from a buy rating to a hold rating in a report on Thursday, September 27th. DA Davidson lifted their price target on shares of FactSet Research Systems to $206.00 and gave the stock a neutral rating in a report on Wednesday, December 19th. Cantor Fitzgerald cut their price target on shares of FactSet Research Systems to $209.00 and set a neutral rating on the stock in a report on Wednesday, December 19th. Finally, Barclays upgraded shares of FactSet Research Systems from an underweight rating to an equal weight rating and lifted their price target for the stock from $210.00 to $235.00 in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $219.36.
Shares of FactSet Research Systems stock opened at $203.71 on Tuesday. FactSet Research Systems has a fifty-two week low of $184.48 and a fifty-two week high of $237.95. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.12 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.26%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.
In related news, Director Robin Ann Abrams sold 2,239 shares of the business’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $204.45, for a total value of $457,763.55. Following the transaction, the director now owns 5,244 shares in the company, valued at $1,072,135.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 1,182 shares of the business’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $200.00, for a total transaction of $236,400.00. Following the completion of the transaction, the chief executive officer now owns 4,870 shares in the company, valued at approximately $974,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,899 shares of company stock worth $1,580,246. 2.30% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BTIM Corp. lifted its holdings in FactSet Research Systems by 1.5% in the third quarter. BTIM Corp. now owns 78,212 shares of the business services provider’s stock valued at $17,497,000 after buying an additional 1,180 shares during the period. AMP Capital Investors Ltd acquired a new position in FactSet Research Systems in the second quarter valued at $588,000. Renaissance Technologies LLC lifted its holdings in FactSet Research Systems by 30.6% in the second quarter. Renaissance Technologies LLC now owns 217,500 shares of the business services provider’s stock valued at $43,087,000 after buying an additional 51,000 shares during the period. Delaney Dennis R acquired a new position in FactSet Research Systems in the third quarter valued at $200,000. Finally, Hsbc Holdings PLC lifted its holdings in FactSet Research Systems by 4.0% in the third quarter. Hsbc Holdings PLC now owns 19,537 shares of the business services provider’s stock valued at $4,371,000 after buying an additional 752 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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