BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $466.00

FactSet Research Systems (NYSE:FDS) had its price target decreased by BMO Capital Markets from $498.00 to $466.00 in a research note issued to investors on Monday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley decreased their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research note on Friday. Wells Fargo & Company lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $450.00 to $402.00 in a research report on Friday. Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $436.27.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $432.44 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.93 and a beta of 0.77. The business’s fifty day moving average is $455.05 and its 200 day moving average is $464.73. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87.

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

FactSet Research Systems Announces Dividend

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

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently bought and sold shares of FDS. Raymond James Financial Inc. bought a new position in FactSet Research Systems during the 4th quarter valued at about $69,128,000. Point72 Asset Management L.P. purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $66,368,000. Geode Capital Management LLC lifted its position in FactSet Research Systems by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares during the period. Meridiem Capital Partners LP purchased a new stake in FactSet Research Systems in the fourth quarter worth approximately $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in FactSet Research Systems in the fourth quarter worth approximately $39,284,000. 91.24% of the stock is currently owned by institutional investors.

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.