FactSet Research Systems Inc. (NYSE:FDS) Given Consensus Recommendation of "Reduce" by Analysts

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) has been given a consensus recommendation of "Reduce" by the ten analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $441.00.

Several equities research analysts recently weighed in on the company. Morgan Stanley reduced their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a "market perform" rating for the company in a research note on Monday, December 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $450.00 to $402.00 in a research note on Friday. Finally, Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research note on Friday, December 20th.

FactSet Research Systems Trading Up 0.5 %

Shares of FDS traded up $2.08 during trading hours on Thursday, reaching $433.01. 541,020 shares of the company traded hands, compared to its average volume of 271,872. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company's fifty day moving average price is $455.49 and its two-hundred day moving average price is $464.45. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

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FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same period last year, the business posted $4.22 earnings per share. FactSet Research Systems's quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. FactSet Research Systems's payout ratio is currently 29.82%.

Institutional Trading of FactSet Research Systems

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. boosted its position in shares of FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider's stock valued at $436,000 after buying an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider's stock valued at $755,000 after acquiring an additional 22 shares during the last quarter. Allworth Financial LP grew its stake in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after acquiring an additional 22 shares during the period. Private Trust Co. NA grew its stake in shares of FactSet Research Systems by 8.2% in the fourth quarter. Private Trust Co. NA now owns 291 shares of the business services provider's stock worth $140,000 after acquiring an additional 22 shares during the period. Finally, Kolinsky Wealth Management LLC raised its holdings in shares of FactSet Research Systems by 3.2% during the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.