Evercore ISI Begins Coverage on FactSet Research Systems (NYSE:FDS)

Evercore ISI began coverage on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Wednesday morning, Marketbeat reports. The brokerage issued an inline rating and a $470.00 target price on the business services provider’s stock.

Several other analysts also recently weighed in on the stock. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a report on Monday, June 24th. UBS Group raised their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a neutral rating in a research report on Friday, September 20th. Wells Fargo & Company boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an equal weight rating in a research report on Friday, September 20th. Royal Bank of Canada raised their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a sector perform rating in a report on Friday, September 20th. Finally, Jefferies Financial Group dropped their price objective on FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $448.46.

FactSet Research Systems Stock Down 0.5 %

FDS opened at $457.00 on Wednesday. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $488.64. The business has a 50 day moving average price of $427.81 and a two-hundred day moving average price of $427.74. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.38 billion, a PE ratio of 34.46, a P/E/G ratio of 3.11 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the business earned $2.93 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that FactSet Research Systems will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the transaction, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock worth $12,688,945 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC grew its holdings in shares of FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after buying an additional 1,506 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in FactSet Research Systems by 3.1% in 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 acquiring an additional 1,389 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after purchasing an additional 3,683 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of FactSet Research Systems by 22.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after purchasing an additional 2,920 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of FactSet Research Systems by 34.4% during the first quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock worth $19,959,000 after purchasing an additional 11,257 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.