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

FactSet Research Systems (NYSE:FDS - Free Report) had its price target lifted by BMO Capital Markets from $471.00 to $521.00 in a research report report published on Friday,Benzinga reports. The firm currently has a market perform rating on the business services provider's stock.

Several other research analysts also recently commented on FDS. Royal Bank of Canada lifted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a report on Friday, September 20th. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an "equal weight" rating in a research report on Friday, September 20th. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a report on Friday, September 20th. Finally, Evercore ISI began coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an "inline" rating and a $470.00 price target on the stock. Five analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat, FactSet Research Systems currently has an average rating of "Hold" and an average target price of $450.00.

FactSet Research Systems Stock Down 2.4 %

Shares of FDS stock traded down $11.82 during trading hours on Friday, reaching $483.90. The company had a trading volume of 375,133 shares, compared to its average volume of 263,203. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $460.40 and a 200-day simple moving average of $433.15. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS - Get Free Report) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business posted $2.93 earnings per share. On average, research analysts expect that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems's payout ratio is currently 29.93%.

Insider Buying and Selling

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company's stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their position. 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 stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company's stock, valued at $5,380,259.85. The trade was a 18.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock worth $12,230,877 in the last 90 days. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. SteelPeak Wealth LLC raised its holdings in shares of FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider's stock valued at $1,073,000 after purchasing an additional 1,506 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider's stock valued at $20,321,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers increased its stake in FactSet Research Systems by 214.5% in the first 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 period. Tidal Investments LLC increased its stake in FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider's stock valued at $1,065,000 after purchasing an additional 1,623 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of FactSet Research Systems by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 46,397 shares of the business services provider's stock valued at $19,259,000 after acquiring an additional 1,797 shares in the last quarter. Hedge funds and other institutional investors 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.