FactSet Research Systems Inc. (NYSE:FDS) Given Average Rating of “Reduce” by Analysts

FactSet Research Systems Inc. (NYSE:FDSGet Free Report) has received an average rating of “Reduce” from the ten analysts that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $437.67.

FDS has been the subject of a number of research analyst reports. Barclays reissued an “equal weight” rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $500.00 to $407.00 in a report on Thursday. Wolfe Research initiated coverage on FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price target for the company. The Goldman Sachs Group increased their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd.

Get Our Latest Stock Analysis on FactSet Research Systems

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Robert J. Robie sold 4,336 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the sale, the executive vice president now directly owns 1,485 shares of the company’s stock, valued at $640,747.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $452.10, for a total value of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The disclosure for this sale can be found here. Insiders sold 20,987 shares of company stock worth $9,083,347 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently made changes to their positions in FDS. Morgan Stanley lifted its holdings in FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of FactSet Research Systems by 671.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 243,829 shares of the business services provider’s stock valued at $106,617,000 after purchasing an additional 212,204 shares during the period. Norges Bank bought a new position in shares of FactSet Research Systems in the 4th quarter worth $47,977,000. International Assets Investment Management LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter worth $45,288,000. Finally, PineStone Asset Management Inc. increased its holdings in FactSet Research Systems by 117.0% in the fourth quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock valued at $78,008,000 after purchasing an additional 88,173 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 2.7 %

Shares of FactSet Research Systems stock opened at $406.49 on Friday. The stock has a 50-day simple moving average of $434.58 and a 200-day simple moving average of $453.94. FactSet Research Systems has a 52-week low of $380.96 and a 52-week high of $488.64. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDSGet Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping the consensus estimate of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. On average, equities research analysts expect that FactSet Research Systems will post 15.82 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, May 31st will be paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. FactSet Research Systems’s payout ratio is currently 31.04%.

FactSet Research Systems Company Profile

(Get Free Report

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.

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