Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) PT at $436.90

FactSet Research Systems Inc. (NYSE:FDS) has been given an average rating of “Reduce” by the nine research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $436.90.

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped 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, March 21st. Stifel Nicolaus upped their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. UBS Group cut their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st.

FactSet Research Systems Price Performance

FDS stock opened at $426.86 on Monday. FactSet Research Systems has a 1 year low of $391.69 and a 1 year high of $499.87. The business’s 50-day moving average is $440.70 and its two-hundred day moving average is $461.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $16.20 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.93 and a beta of 0.82.

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

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is presently 29.59%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MML Investors Services LLC boosted its position in FactSet Research Systems by 6.0% in the 3rd quarter. MML Investors Services LLC now owns 2,177 shares of the business services provider’s stock valued at $1,001,000 after buying an additional 123 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in FactSet Research Systems by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 1,774 shares of the business services provider’s stock worth $816,000 after acquiring an additional 50 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in FactSet Research Systems in the third quarter worth approximately $403,000. Tidal Investments LLC boosted its position in shares of FactSet Research Systems by 9.0% in the 3rd quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider’s stock valued at $1,166,000 after purchasing an additional 209 shares during the period. Finally, Synovus Financial Corp lifted its position in shares of FactSet Research Systems by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 1,336 shares of the business services provider’s stock valued at $614,000 after acquiring an additional 643 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.