FactSet Research Systems (NYSE:FDS) Given New $466.00 Price Target at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its target price trimmed by BMO Capital Markets from $498.00 to $466.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a market perform rating on the business services provider’s stock.

Several other analysts also recently weighed in on FDS. Morgan Stanley reduced their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. UBS Group cut their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $450.00 to $402.00 in a report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $436.27.

FactSet Research Systems Stock Up 0.3 %

FDS stock opened at $440.90 on Monday. The stock has a market cap of $16.77 billion, a P/E ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87. The company’s 50 day moving average is $454.52 and its two-hundred day moving average is $464.67.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business earned $4.22 EPS. FactSet Research Systems’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.94%. FactSet Research Systems’s payout ratio is 29.59%.

Insider Activity

In related news, CAO Gregory T. Moskoff sold 363 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $433.73, for a total value of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. California State Teachers Retirement System grew its position in shares of FactSet Research Systems by 5.7% in the fourth quarter. California State Teachers Retirement System now owns 61,364 shares of the business services provider’s stock valued at $29,472,000 after purchasing an additional 3,283 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in FactSet Research Systems by 6.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,370 shares of the business services provider’s stock valued at $2,099,000 after buying an additional 251 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in FactSet Research Systems by 871.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider’s stock valued at $5,203,000 after buying an additional 9,719 shares during the last quarter. Menard Financial Group LLC purchased a new position in FactSet Research Systems during the fourth quarter worth $91,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of FactSet Research Systems in the fourth quarter worth $39,284,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.