FactSet Research Systems (NYSE:FDS) Price Target Raised to $471.00

FactSet Research Systems (NYSE:FDS) had its price target increased by BMO Capital Markets from $440.00 to $471.00 in a research note released on Friday, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

FDS has been the subject of a number of other reports. Jefferies Financial Group lowered their price target on FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a report on Wednesday, June 5th. 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. UBS Group upped their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a neutral rating in a research note on Friday. Morgan Stanley raised their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a report on Monday, June 24th. Finally, Bank of America downgraded FactSet Research Systems from a neutral rating to an underperform rating and reduced their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, FactSet Research Systems currently has an average rating of Hold and a consensus target price of $446.67.

FactSet Research Systems Trading Up 0.6 %

Shares of NYSE:FDS opened at $468.80 on Friday. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $488.64. The company’s 50 day moving average is $422.47 and its two-hundred day moving average is $428.08. The company has a market cap of $17.83 billion, a PE ratio of 35.35, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $2.93 earnings per share. Equities analysts predict that FactSet Research Systems will post 16.28 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,330,666.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 9,000 shares of company stock valued at $3,714,960. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. SteelPeak Wealth LLC grew its stake in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 1,506 shares during the period. Bell Asset Management Ltd purchased a new position in FactSet Research Systems in the fourth quarter valued at about $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers boosted its stake in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after acquiring an additional 3,683 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after acquiring an additional 2,920 shares during the period. 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.