FactSet Research Systems Inc. (NYSE:FDS) Receives $446.67 Consensus Target Price from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned an average recommendation of “Reduce” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $446.67.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Royal Bank of Canada raised their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. Finally, UBS Group upped their target price on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th.

Insider Buying and Selling at FactSet Research Systems

In other news, Director James J. Mcgonigle sold 5,410 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the transaction, the director now owns 5,283 shares in the company, valued at $2,413,432.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James J. Mcgonigle sold 5,410 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares in the company, valued at $2,413,432.89. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock valued at $12,550,615 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares during the period. Crewe Advisors LLC raised its holdings in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC lifted its position in shares of FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth $33,000. Finally, SJS Investment Consulting Inc. increased its position in shares of FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Up 0.6 %

NYSE:FDS opened at $458.49 on Thursday. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $488.64. The stock has a 50-day moving average price of $424.39 and a two-hundred day moving average price of $427.97. The stock has a market cap of $17.44 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.11 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.79 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. As a group, equities analysts expect that FactSet Research Systems will post 17.16 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

About FactSet Research Systems

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.