FactSet Research Systems Inc. (NYSE:FDS) Receives $443.57 Average Price Target from Analysts

FactSet Research Systems Inc. (NYSE:FDS) has been given an average recommendation of “Reduce” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $450.00.

A number of research firms have issued reports on FDS. UBS Group boosted their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday. Evercore ISI initiated 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. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of FactSet Research Systems during the third quarter worth $26,000. UMB Bank n.a. grew its holdings in 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 worth $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC raised its position in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC raised its position in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $34,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $483.90 on Friday. The firm has a market cap of $18.38 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. The business’s 50 day moving average is $461.60 and its 200-day moving average is $433.79. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm 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 34.77% and a net margin of 24.38%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.93 EPS. Equities research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

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.