Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) PT at $453.23

Shares of FactSet Research Systems Inc. (NYSE:FDS) have received a consensus rating of “Reduce” from the thirteen analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $453.23.

A number of brokerages have commented on FDS. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, December 20th. Stifel Nicolaus upped 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. BMO Capital Markets reduced their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a research report on Monday, December 23rd. Finally, Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th.

FactSet Research Systems Stock Up 0.3 %

FDS stock opened at $462.99 on Friday. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The business’s 50-day moving average is $468.30 and its two-hundred day moving average is $461.04. 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 company has a market cap of $17.61 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the company earned $4.12 earnings per share. FactSet Research Systems’s revenue was up 4.9% on a year-over-year basis. As a group, analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in FactSet Research Systems by 4.8% during the 4th quarter. Mackenzie Financial Corp now owns 6,161 shares of the business services provider’s stock valued at $2,959,000 after buying an additional 280 shares in the last quarter. Forum Financial Management LP bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $249,000. Amiral Gestion bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $480,000. Toronto Dominion Bank lifted its stake in shares of FactSet Research Systems by 57.3% in the 4th quarter. Toronto Dominion Bank now owns 20,732 shares of the business services provider’s stock valued at $9,957,000 after purchasing an additional 7,552 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $4,809,000. 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.