FactSet Research Systems Inc. (NYSE:FDS) Receives $453.46 Consensus Target Price from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been assigned an average rating of “Reduce” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $453.46.

A number of equities research analysts have issued reports on the company. Redburn Atlantic cut 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 research note on Wednesday, October 9th. Stifel Nicolaus lifted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. Finally, BMO Capital Markets decreased 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 note on Monday, December 23rd.

FactSet Research Systems Price Performance

FDS stock opened at $473.26 on Wednesday. The stock’s 50 day moving average is $476.59 and its two-hundred day moving average is $454.87. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a market capitalization of $18.00 billion, a PE ratio of 33.93, a P/E/G ratio of 2.92 and a beta of 0.76. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping 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 business had revenue of $568.70 million during the quarter, compared to the consensus estimate of $565.14 million. During the same period last year, the firm earned $4.12 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $1.04 dividend. 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 (DPR) is 29.82%.

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of FactSet Research Systems by 68.8% during the second quarter. AQR Capital Management LLC now owns 14,994 shares of the business services provider’s stock worth $6,122,000 after buying an additional 6,111 shares during the last quarter. MBB Public Markets I LLC acquired a new position in FactSet Research Systems during the 2nd quarter valued at $1,143,000. Millennium Management LLC boosted its holdings in FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the period. Mackenzie Financial Corp grew its position in FactSet Research Systems by 24.9% in the 2nd quarter. Mackenzie Financial Corp now owns 6,865 shares of the business services provider’s stock worth $2,803,000 after purchasing an additional 1,368 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of FactSet Research Systems by 20.8% during the 2nd quarter. NewEdge Advisors LLC now owns 5,266 shares of the business services provider’s stock worth $2,150,000 after purchasing an additional 908 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.