FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDSGet Free Report) have been assigned a consensus rating of “Reduce” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $453.46.

FDS has been the subject of a number of recent research reports. Redburn Atlantic lowered 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 report on Wednesday, October 9th. UBS Group boosted their target price on shares of FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target for the company. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th.

Read Our Latest Report on FDS

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $470.27 on Wednesday. The company has a market cap of $17.88 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.92 and a beta of 0.76. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s fifty day moving average is $477.33 and its two-hundred day moving average is $454.36.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its earnings results 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 33.92% and a net margin of 24.16%. The firm had revenue of $568.70 million for the quarter, compared to analysts’ expectations of $565.14 million. During the same period in the previous year, the firm posted $4.12 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 29.82%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on 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 directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

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

FactSet Research Systems Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.