FactSet Research Systems Inc. (NYSE:FDS) Receives $443.57 Average Price Target from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has been assigned a consensus rating of “Reduce” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $450.00.

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. UBS Group raised their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday. Evercore ISI started coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the sale, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is owned by company insiders.

Institutional Trading of FactSet Research Systems

Several hedge funds have recently made changes to their positions in FDS. SteelPeak Wealth LLC raised its stake in FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after buying an additional 1,389 shares in the last quarter. Cetera Investment Advisers boosted its holdings in FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after buying an additional 3,683 shares during the period. Russell Investments Group Ltd. grew its stake in FactSet Research Systems by 34.4% in the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock valued at $19,959,000 after buying an additional 11,257 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in FactSet Research Systems by 225.1% in the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Trading Down 2.4 %

NYSE:FDS opened at $483.90 on Friday. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.20 and a beta of 0.75. The firm has a fifty day simple moving average of $461.60 and a two-hundred day simple moving average of $433.79.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the firm earned $2.93 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

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.