FactSet Research Systems (NYSE:FDS) Price Target Raised to $355.00 at Morgan Stanley

FactSet Research Systems (NYSE:FDS) had its price objective upped by Morgan Stanley from $350.00 to $355.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an underweight rating on the business services provider’s stock.

FDS has been the subject of a number of other reports. Bank of America downgraded shares of FactSet Research Systems from a neutral rating to an underperform rating and dropped their price objective for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. The Goldman Sachs Group lifted their price objective 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. Royal Bank of Canada reiterated a sector perform rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reiterated a market perform rating on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, Stifel Nicolaus reiterated a hold rating and issued a $469.00 target price on shares of FactSet Research Systems in a research report on Friday, March 22nd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $432.00.

FactSet Research Systems Stock Performance

NYSE FDS opened at $415.00 on Monday. FactSet Research Systems has a 1 year low of $385.27 and a 1 year high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The stock has a market capitalization of $15.82 billion, a PE ratio of 31.30, a P/E/G ratio of 2.50 and a beta of 0.74. The company’s 50 day simple moving average is $422.97 and its two-hundred day simple moving average is $447.53.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.91 by $0.46. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The firm had revenue of $552.70 million for the quarter, compared to analysts’ expectations of $552.71 million. During the same quarter last year, the company posted $3.79 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that FactSet Research Systems will post 16.33 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were issued a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 1.00%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. The ex-dividend date was Friday, May 31st. FactSet Research Systems’s payout ratio is 31.37%.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,838,871.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,419 shares of company stock valued at $11,735,373. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Criterion Capital Advisors LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth $30,000. Desjardins Global Asset Management Inc. boosted its stake in FactSet Research Systems by 69.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider’s stock worth $40,000 after purchasing an additional 34 shares during the last quarter. Smithfield Trust Co boosted its position in shares of FactSet Research Systems by 51.6% during the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 32 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at about $49,000. Finally, Global Retirement Partners LLC boosted its position in shares of FactSet Research Systems by 36.9% during the 4th quarter. Global Retirement Partners LLC now owns 141 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 38 shares during the last quarter. 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.