Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) Price Target at $443.57

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Reduce” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $443.57.

FDS has been the topic of a number of research reports. Wells Fargo & Company upped their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Stifel Nicolaus upped their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Evercore ISI started coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $463.77 on Monday. The business’s fifty day moving average price is $442.15 and its two-hundred day moving average price is $428.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 3.01 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 released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 earnings per share. As a group, analysts predict that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s payout ratio is 31.37%.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock valued at $12,688,945 over the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FactSet Research Systems by 2.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,882 shares of the business services provider’s stock worth $8,199,000 after buying an additional 406 shares during the last quarter. BKM Wealth Management LLC boosted its position in FactSet Research Systems by 3.0% in the 3rd quarter. BKM Wealth Management LLC now owns 2,071 shares of the business services provider’s stock valued at $952,000 after buying an additional 61 shares during the period. Outlook Wealth Advisors LLC lifted its position in shares of FactSet Research Systems by 9.9% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 788 shares of the business services provider’s stock worth $362,000 after purchasing an additional 71 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth $794,000. Finally, Dakota Wealth Management lifted its position in shares of FactSet Research Systems by 18.2% during the 3rd quarter. Dakota Wealth Management now owns 2,172 shares of the business services provider’s stock worth $999,000 after purchasing an additional 334 shares during the last quarter. Hedge funds and other institutional investors 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.