Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) PT at $453.46

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Reduce” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $453.46.

A number of equities analysts recently commented on FDS shares. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. UBS Group upped their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, BMO Capital Markets lowered their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of FactSet Research Systems by 0.8% during the 3rd 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,436 shares in the last quarter. Natixis Advisors LLC raised its position in shares of FactSet Research Systems by 1.1% in the third 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. Nordea Investment Management AB boosted its stake in shares of FactSet Research Systems by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after acquiring an additional 59,173 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $1,481,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $467.15 on Wednesday. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $475.69 and a two-hundred day simple moving average of $455.62. The stock has a market capitalization of $17.77 billion, a price-to-earnings ratio of 33.49, a P/E/G ratio of 2.98 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. During the same period in the prior year, the firm earned $4.12 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s payout ratio is presently 29.82%.

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.