FactSet Research Systems Inc. (NYSE:FDS) Receives $432.00 Consensus Price Target from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned an average recommendation of “Reduce” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $432.00.

FDS has been the topic of several recent analyst reports. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research note on Monday, June 24th. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,166,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at $3,867,587.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $400.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,166,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock worth $5,117,216. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC grew its holdings in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC grew its holdings in shares of 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 period. Criterion Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $30,000. Finally, Gladius Capital Management LP purchased a new stake in shares of FactSet Research Systems during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.2 %

NYSE FDS opened at $403.03 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The stock has a 50 day simple moving average of $413.33 and a two-hundred day simple moving average of $437.09. The stock has a market cap of $15.33 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 2.44 and a beta of 0.75. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64.

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, beating analysts’ consensus estimates of $3.91 by $0.46. The company had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. FactSet Research Systems’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $3.79 EPS. On average, analysts forecast that FactSet Research Systems will post 16.29 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, August 30th. FactSet Research Systems’s payout ratio is presently 31.37%.

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.