Goldman Sachs Group, Inc. (The) Initiates Coverage on FactSet Research Systems Inc. (FDS)

Goldman Sachs Group, Inc. (The) began coverage on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research note published on Wednesday morning, Marketbeat reports. The firm issued a neutral rating and a $194.00 price objective on the business services provider’s stock.

A number of other analysts have also recently weighed in on FDS. BidaskClub cut FactSet Research Systems from a buy rating to a hold rating in a research note on Tuesday, July 11th. Stifel Nicolaus restated a hold rating and issued a $163.00 price target on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Northcoast Research upgraded FactSet Research Systems from a neutral rating to a buy rating and set a $195.00 price target on the stock in a research note on Thursday, September 21st. Zacks Investment Research upgraded FactSet Research Systems from a hold rating to a buy rating and set a $187.00 price target on the stock in a research note on Friday, September 22nd. Finally, Credit Suisse Group restated an outperform rating and issued a $200.00 price target (up from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $178.91.

Shares of FactSet Research Systems (NYSE:FDS) traded down $0.03 during midday trading on Wednesday, hitting $196.21. The stock had a trading volume of 272,800 shares, compared to its average volume of 431,060. The firm has a market capitalization of $7,673.77, a PE ratio of 26.84, a P/E/G ratio of 2.23 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04. FactSet Research Systems has a twelve month low of $155.09 and a twelve month high of $196.57.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business had revenue of $326.60 million for the quarter, compared to analysts’ expectations of $325.26 million. During the same period last year, the firm earned $1.69 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. sell-side analysts expect that FactSet Research Systems will post 8.18 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.

In other FactSet Research Systems news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the transaction, the chief operating officer now owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 7,334 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.24, for a total value of $1,329,214.16. Following the transaction, the chief executive officer now directly owns 11,262 shares in the company, valued at approximately $2,041,124.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,841 shares of company stock worth $3,224,739. Corporate insiders own 2.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Eads & Heald Investment Counsel grew its holdings in shares of FactSet Research Systems by 0.9% during the second quarter. Eads & Heald Investment Counsel now owns 2,358 shares of the business services provider’s stock worth $392,000 after purchasing an additional 20 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of FactSet Research Systems by 1.0% during the second quarter. FineMark National Bank & Trust now owns 2,183 shares of the business services provider’s stock worth $363,000 after buying an additional 22 shares during the last quarter. World Asset Management Inc grew its holdings in shares of FactSet Research Systems by 1.3% during the second quarter. World Asset Management Inc now owns 2,847 shares of the business services provider’s stock worth $473,000 after buying an additional 36 shares during the last quarter. NewFocus Financial Group LLC grew its holdings in shares of FactSet Research Systems by 0.3% during the second quarter. NewFocus Financial Group LLC now owns 13,120 shares of the business services provider’s stock worth $2,180,000 after buying an additional 41 shares during the last quarter. Finally, Sawtooth Solutions LLC grew its holdings in shares of FactSet Research Systems by 3.1% during the second quarter. Sawtooth Solutions LLC now owns 1,718 shares of the business services provider’s stock worth $285,000 after buying an additional 52 shares during the last quarter. 94.14% of the stock is currently owned by institutional investors.

FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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