FactSet Research Systems (NYSE:FDS) Given New $493.00 Price Target at Stifel Nicolaus

FactSet Research Systems (NYSE:FDS) had its target price raised by Stifel Nicolaus from $469.00 to $493.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the business services provider’s stock.

A number of other analysts also recently weighed in on the stock. UBS Group increased their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Morgan Stanley upped their price objective on FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets upped their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $453.69.

FactSet Research Systems Trading Down 1.3 %

Shares of NYSE:FDS opened at $483.52 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day moving average is $476.92 and its 200-day moving average is $442.24. The company has a market cap of $18.37 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.12 EPS. Equities research analysts predict that FactSet Research Systems will post 17.2 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, December 19th. Stockholders of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.86%. FactSet Research Systems’s payout ratio is 29.93%.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. This represents a 50.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock valued at $10,981,107 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems in the third quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the period. Quest Partners LLC increased its holdings in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in FactSet Research Systems in the third quarter valued at about $34,000. 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.