FactSet Research Systems Inc. (NYSE:FDS) Receives $453.46 Consensus Target Price from Analysts

FactSet Research Systems Inc. (NYSE:FDS) has received an average rating of “Reduce” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $453.46.

A number of research firms have commented on FDS. Redburn Atlantic downgraded shares of 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. UBS Group lifted 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, November 15th. BMO Capital Markets dropped their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research report on Friday, September 20th.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $466.68 on Friday. The company’s 50-day simple moving average is $481.41 and its two-hundred day simple moving average is $449.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The company has a market capitalization of $17.73 billion, a P/E ratio of 33.57, a P/E/G ratio of 3.15 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same quarter in the prior year, the firm earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.82%.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently bought and sold shares of the business. Natixis Advisors LLC lifted its holdings in shares of FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock valued at $55,621,000 after buying an additional 1,260 shares during the period. Geode Capital Management LLC raised its position in FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after acquiring an additional 8,376 shares in the last quarter. Jensen Investment Management Inc. raised its position in FactSet Research Systems by 11.6% during the third quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after acquiring an additional 1,250 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after acquiring an additional 52,741 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of FactSet Research Systems by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock worth $41,367,000 after purchasing an additional 1,699 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.