FactSet Research Systems Inc. (NYSE:FDS) Receives $447.69 Consensus PT from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) have earned an average recommendation of "Reduce" from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $447.69.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a "market perform" rating in a report on Friday, November 15th. 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 objective for the company. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Redburn Atlantic lowered 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 note on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a "hold" rating in a research note on Friday, September 20th.

FactSet Research Systems Trading Up 1.2 %

FDS stock traded up $5.97 during midday trading on Tuesday, hitting $483.73. The stock had a trading volume of 186,439 shares, compared to its average volume of 260,043. The company's 50-day moving average price is $472.57 and its 200 day moving average price is $439.20. 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 firm has a market cap of $18.38 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87.

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

FactSet Research Systems Announces Dividend

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

Insider Transactions at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company's stock, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Mcgonigle sold 5,410 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares of the company's stock, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,984 shares of company stock valued at $10,981,107. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider's stock worth $2,454,000 after purchasing an additional 3,683 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of FactSet Research Systems during the first quarter valued at $202,000. QRG Capital Management Inc. grew its position in shares of FactSet Research Systems by 6.0% during the second quarter. QRG Capital Management Inc. now owns 1,058 shares of the business services provider's stock worth $432,000 after acquiring an additional 60 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of FactSet Research Systems by 49.5% in the 2nd quarter. SG Americas Securities LLC now owns 8,857 shares of the business services provider's stock worth $3,616,000 after acquiring an additional 2,934 shares during the period. Finally, Czech National Bank lifted its position in FactSet Research Systems by 8.3% in the 2nd quarter. Czech National Bank now owns 7,263 shares of the business services provider's stock valued at $2,965,000 after purchasing an additional 557 shares during the last quarter. Institutional investors own 91.24% of the company's stock.

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.