FactSet Research Systems Inc. (NYSE:FDS) Receives $442.70 Average PT from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have received a consensus rating of “Reduce” from the eleven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $442.70.

Several research firms recently commented on FDS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their price target on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Stifel Nicolaus restated a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Barclays restated an “equal weight” rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Wolfe Research began coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 target price for the company.

FactSet Research Systems Trading Up 1.2 %

Shares of NYSE FDS opened at $428.25 on Monday. The firm’s 50 day moving average price is $446.95 and its 200-day moving average price is $454.03. FactSet Research Systems has a 52-week low of $380.96 and a 52-week high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $16.32 billion, a PE ratio of 33.91, a P/E/G ratio of 2.71 and a beta of 0.73.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities research analysts expect that FactSet Research Systems will post 15.82 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be given a dividend of $1.04 per share. The ex-dividend date is Friday, May 31st. This represents a $4.16 annualized dividend and a yield of 0.97%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,363,082.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,363,082.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at $30,204. The disclosure for this sale can be found here. Insiders have sold a total of 6,330 shares of company stock worth $2,740,515 in the last three months. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors have recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $30,000. IFP Advisors Inc boosted its stake in shares of FactSet Research Systems by 71.4% during the third quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 35 shares during the period. Larson Financial Group LLC grew its holdings in shares of FactSet Research Systems by 820.0% in the third quarter. Larson Financial Group LLC now owns 92 shares of the business services provider’s stock worth $40,000 after purchasing an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after buying an additional 34 shares during the period. Finally, Smithfield Trust Co lifted its holdings in FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after buying an additional 32 shares in the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.