Morgan Stanley Trims FactSet Research Systems (NYSE:FDS) Target Price to $338.00

FactSet Research Systems (NYSE:FDSGet Rating) had its price objective lowered by Morgan Stanley from $362.00 to $338.00 in a research report report published on Tuesday, Stock Target Advisor reports. The brokerage currently has an underweight rating on the business services provider’s stock.

Several other analysts also recently commented on the stock. UBS Group increased their target price on shares of FactSet Research Systems from $432.00 to $454.00 and gave the company a neutral rating in a report on Monday, March 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of FactSet Research Systems from $468.00 to $402.00 in a report on Friday, June 17th. StockNews.com upgraded shares of FactSet Research Systems from a hold rating to a buy rating in a report on Saturday, June 18th. Redburn Partners initiated coverage on shares of FactSet Research Systems in a report on Tuesday, May 17th. They set a sell rating for the company. Finally, Stifel Nicolaus restated a buy rating and set a $432.00 price objective on shares of FactSet Research Systems in a report on Friday, March 25th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $426.33.

Shares of NYSE FDS opened at $388.76 on Tuesday. The firm has a market cap of $14.73 billion, a PE ratio of 35.73, a P/E/G ratio of 2.76 and a beta of 0.83. FactSet Research Systems has a 12-month low of $326.21 and a 12-month high of $495.39. The company’s fifty day simple moving average is $383.20 and its 200 day simple moving average is $416.34. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.47.

FactSet Research Systems (NYSE:FDSGet Rating) last released its quarterly earnings data on Thursday, March 24th. The business services provider reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.31. The firm had revenue of $431.10 million for the quarter, compared to analyst estimates of $427.09 million. FactSet Research Systems had a net margin of 25.15% and a return on equity of 42.88%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $2.72 earnings per share. On average, equities analysts predict that FactSet Research Systems will post 13.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Tuesday, May 31st were paid a $0.89 dividend. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, May 27th. This represents a $3.56 annualized dividend and a dividend yield of 0.92%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 32.72%.

In other news, Director Laurie Siegel sold 1,286 shares of FactSet Research Systems stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $440.00, for a total value of $565,840.00. Following the completion of the transaction, the director now owns 1,177 shares in the company, valued at $517,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Zimmel sold 1,207 shares of FactSet Research Systems stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $443.11, for a total transaction of $534,833.77. Following the completion of the transaction, the director now owns 2,542 shares of the company’s stock, valued at approximately $1,126,385.62. The disclosure for this sale can be found here. Insiders sold 28,277 shares of company stock valued at $12,184,602 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. D.B. Root & Company LLC boosted its position in shares of FactSet Research Systems by 1.9% in the fourth quarter. D.B. Root & Company LLC now owns 1,431 shares of the business services provider’s stock valued at $695,000 after acquiring an additional 27 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of FactSet Research Systems by 0.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 5,565 shares of the business services provider’s stock valued at $2,416,000 after acquiring an additional 28 shares during the period. Signaturefd LLC boosted its position in shares of FactSet Research Systems by 10.0% in the fourth quarter. Signaturefd LLC now owns 319 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 29 shares during the period. Cerro Pacific Wealth Advisors LLC boosted its position in shares of FactSet Research Systems by 1.5% in the first quarter. Cerro Pacific Wealth Advisors LLC now owns 2,009 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 30 shares during the period. Finally, Rockland Trust Co. boosted its position in shares of FactSet Research Systems by 3.7% in the fourth quarter. Rockland Trust Co. now owns 858 shares of the business services provider’s stock valued at $417,000 after acquiring an additional 31 shares during the period. Institutional investors own 89.99% of the company’s stock.

FactSet Research Systems Company Profile (Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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.

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