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

FactSet Research Systems Inc. (NYSE:FDS) has been given an average recommendation of “Reduce” by the twelve analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $432.27.

Several research analysts recently issued reports on FDS shares. Bank of America downgraded FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Wells Fargo & Company raised FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a research note on Monday, June 24th. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Finally, Jefferies Financial Group decreased their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,330,666.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,432 shares of company stock valued at $5,117,216. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in FactSet Research Systems by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock valued at $115,752,000 after purchasing an additional 10,727 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of FactSet Research Systems by 6.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock valued at $175,919,000 after buying an additional 20,787 shares during the period. SteelPeak Wealth LLC lifted its position in FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 1,506 shares in the last quarter. Bell Asset Management Ltd purchased a new position in FactSet Research Systems in the 4th quarter worth approximately $6,756,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after acquiring an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Trading Up 1.5 %

Shares of FDS stock opened at $422.84 on Friday. The stock has a market cap of $16.08 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.44 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The business has a fifty day simple moving average of $414.57 and a 200-day simple moving average of $430.48.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million during the quarter, compared to the consensus estimate of $552.71 million. During the same period last year, the firm posted $3.79 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems will post 16.29 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a dividend of $1.04 per share. The ex-dividend date is Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. FactSet Research Systems’s payout ratio is currently 31.37%.

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.