FactSet Research Systems (NYSE:FDS) Price Target Cut to $390.00 by Analysts at Morgan Stanley

FactSet Research Systems (NYSE:FDS) had its target price reduced by Morgan Stanley from $409.00 to $390.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the business services provider’s stock.

A number of other brokerages have also commented on FDS. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $450.00 to $402.00 in a report on Friday. Finally, BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $441.00.

FactSet Research Systems Stock Performance

FDS stock opened at $433.01 on Friday. The business’s 50-day moving average price is $455.49 and its two-hundred day moving average price is $464.69. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $16.47 billion, a PE ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.22 earnings per share. As a group, research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.96%. FactSet Research Systems’s payout ratio is presently 29.82%.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Point72 Asset Management L.P. bought a new position in shares of FactSet Research Systems in the 4th quarter valued at $66,368,000. Geode Capital Management LLC grew its holdings in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after acquiring an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at about $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at $39,284,000. Institutional investors and hedge funds 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.