FactSet Research Systems Inc. (NYSE:FDS) Receives $449.38 Average PT from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has received an average recommendation of “Reduce” from the ten research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $441.00.

A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday. BMO Capital Markets decreased their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $450.00 to $402.00 in a research note on Friday. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its stake in FactSet Research Systems by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in FactSet Research Systems by 1.4% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock worth $755,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP boosted its stake in FactSet Research Systems by 19.1% during the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after buying an additional 22 shares during the last quarter. Private Trust Co. NA grew its holdings in FactSet Research Systems by 8.2% in the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after buying an additional 22 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its stake in shares of FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after acquiring an additional 23 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 0.5 %

FactSet Research Systems stock opened at $433.01 on Thursday. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The stock has a fifty day simple moving average of $455.49 and a two-hundred day simple moving average of $464.45. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.22 earnings per share. Equities analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. FactSet Research Systems’s dividend payout ratio is presently 29.82%.

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.