FactSet Research Systems Inc. (NYSE:FDS) Receives $431.50 Average Target Price from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has been assigned an average recommendation of “Reduce” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $431.50.

A number of brokerages recently commented on FDS. Wolfe Research initiated coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They set an “underperform” rating and a $430.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Barclays reaffirmed an “equal weight” rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Finally, The Goldman Sachs Group lifted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,166,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the sale, the chief accounting officer now owns 72 shares in the company, valued at $30,204. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $400.00, for a total transaction of $1,200,000.00. Following the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,166,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,987 shares of company stock valued at $10,283,347. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently modified their holdings of FDS. HM Payson & Co. grew its position in FactSet Research Systems by 6.7% during the 1st quarter. HM Payson & Co. now owns 1,118 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 70 shares during the last quarter. SRN Advisors LLC grew its position in FactSet Research Systems by 5.0% during the 1st quarter. SRN Advisors LLC now owns 3,024 shares of the business services provider’s stock valued at $1,374,000 after purchasing an additional 144 shares during the last quarter. Cetera Advisors LLC purchased a new stake in FactSet Research Systems during the 1st quarter valued at about $202,000. Cetera Investment Advisers grew its position in FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Atria Investments Inc grew its position in FactSet Research Systems by 12.5% during the 1st quarter. Atria Investments Inc now owns 16,187 shares of the business services provider’s stock valued at $7,355,000 after purchasing an additional 1,801 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

FDS opened at $423.73 on Tuesday. FactSet Research Systems has a one year low of $385.27 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50 day simple moving average is $423.68 and its 200-day simple moving average is $448.25. The stock has a market capitalization of $16.15 billion, a P/E ratio of 33.55, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Sell-side analysts anticipate that FactSet Research Systems will post 15.95 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were paid a dividend of $1.04 per share. The ex-dividend date was Friday, May 31st. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 annualized dividend and a dividend yield of 0.98%. FactSet Research Systems’s dividend payout ratio (DPR) is 32.94%.

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.