BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $518.00

FactSet Research Systems (NYSE:FDS) had its price objective reduced by BMO Capital Markets from $521.00 to $518.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on FDS. UBS Group lifted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company raised their price objective 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. Finally, Stifel Nicolaus upped their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $453.46.

FactSet Research Systems Trading Up 0.4 %

Shares of NYSE FDS opened at $491.35 on Monday. The business has a fifty day simple moving average of $478.87 and a 200-day simple moving average of $444.93. The company has a market cap of $18.67 billion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 3.15 and a beta of 0.76. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.12 earnings per share. Sell-side analysts predict that FactSet Research Systems will post 17.2 EPS for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is 29.82%.

Insider Activity

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of FDS. Natixis Advisors LLC raised its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after acquiring an additional 1,260 shares during the period. Geode Capital Management LLC grew its position in shares of FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares during the last quarter. Jensen Investment Management Inc. increased its stake in shares of FactSet Research Systems by 11.6% in the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock worth $5,518,000 after purchasing an additional 1,250 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of FactSet Research Systems by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock worth $41,367,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of FactSet Research Systems by 29.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock worth $5,588,000 after purchasing an additional 2,764 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.