BMO Capital Markets Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS - Free Report) had its target price lowered by BMO Capital Markets from $498.00 to $466.00 in a report released on Monday,Benzinga reports. The firm currently has a market perform rating on the business services provider's stock.

A number of other equities research analysts have also issued reports on FDS. Stifel Nicolaus upped 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. Wells Fargo & Company downgraded FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research report on Friday, March 21st. UBS Group dropped their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Morgan Stanley reduced their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a report on Friday, March 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus price target of $436.27.

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FactSet Research Systems Price Performance

FDS traded down $1.26 on Monday, hitting $447.97. 75,883 shares of the company were exchanged, compared to its average volume of 270,593. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $17.04 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The business's fifty day moving average is $454.32 and its 200 day moving average is $464.57.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analysts' expectations of $570.65 million. During the same quarter last year, the business posted $4.22 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, February 28th. FactSet Research Systems's dividend payout ratio (DPR) is 29.59%.

Insiders Place Their Bets

In other news, CAO Gregory T. Moskoff sold 363 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Everence Capital Management Inc. purchased a new position in shares of FactSet Research Systems in the 4th quarter worth about $413,000. Geode Capital Management LLC raised its holdings in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock valued at $460,467,000 after buying an additional 8,376 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in FactSet Research Systems by 52.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider's stock valued at $2,003,000 after buying an additional 1,436 shares during the period. Nordea Investment Management AB lifted its position in FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider's stock valued at $164,653,000 after buying an additional 59,173 shares in the last quarter. Finally, Avanza Fonder AB purchased a new stake in FactSet Research Systems during the fourth quarter worth approximately $1,481,000. 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.