FactSet Research Systems (NYSE:FDS) Price Target Raised to $355.00

FactSet Research Systems (NYSE:FDS) had its price objective boosted by Morgan Stanley from $350.00 to $355.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on FDS. Barclays restated an equal weight rating and set a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Oppenheimer restated a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. The Goldman Sachs Group lifted their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a sell rating in a research note on Friday, March 22nd. Jefferies Financial Group reduced their target price on FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $464.00 price target on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $432.00.

FactSet Research Systems Trading Down 0.8 %

NYSE FDS opened at $415.75 on Monday. FactSet Research Systems has a 52 week low of $385.27 and a 52 week high of $488.64. The company has a 50 day moving average price of $423.26 and a 200 day moving average price of $447.76. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market cap of $15.85 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.74.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million for the quarter, compared to the consensus estimate of $552.71 million. During the same period in the prior year, the firm posted $3.79 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that FactSet Research Systems will post 16.33 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $1.04 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.00%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other FactSet Research Systems news, EVP Goran Skoko sold 4,106 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $428.57, for a total transaction of $1,759,708.42. Following the transaction, the executive vice president now owns 5,262 shares in the company, valued at $2,255,135.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The disclosure for this sale can be found here. Insiders sold a total of 27,419 shares of company stock worth $11,735,373 in the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in FactSet Research Systems by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock valued at $115,752,000 after purchasing an additional 10,727 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in FactSet Research Systems by 6.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after buying an additional 20,787 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in FactSet Research Systems in the 4th quarter worth about $1,174,000. Advisors Preferred LLC acquired a new position in shares of FactSet Research Systems during the fourth quarter valued at approximately $2,024,000. Finally, abrdn plc raised its holdings in shares of FactSet Research Systems by 17.4% during the fourth quarter. abrdn plc now owns 68,911 shares of the business services provider’s stock valued at $32,874,000 after acquiring an additional 10,230 shares during the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.