BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $518.00

FactSet Research Systems (NYSE:FDS - Free Report) had its target price reduced by BMO Capital Markets from $521.00 to $518.00 in a report issued on Monday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider's stock.

A number of other research analysts also recently commented on FDS. Morgan Stanley lifted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an "underweight" rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a "hold" rating in a research report on Friday. Redburn Atlantic cut FactSet Research Systems from a "neutral" rating to a "sell" rating and cut their price objective for the company from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an "inline" rating and a $470.00 target price for the company. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $453.46.

FactSet Research Systems Stock Up 1.2 %

Shares of NYSE FDS traded up $5.82 during midday trading on Monday, reaching $489.34. The company's stock had a trading volume of 264,301 shares, compared to its average volume of 266,707. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The stock has a 50 day simple moving average of $477.45 and a 200-day simple moving average of $443.47. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same period in the previous year, the business earned $4.12 EPS. The company's revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were given a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems's dividend payout ratio is 29.82%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. The trade was a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock valued at $10,981,107 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC increased its position in FactSet Research Systems by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider's stock worth $55,621,000 after purchasing an additional 1,260 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider's stock worth $460,467,000 after buying an additional 8,376 shares during the last quarter. Jensen Investment Management Inc. lifted its stake in shares of FactSet Research Systems by 11.6% in the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider's stock valued at $5,518,000 after acquiring an additional 1,250 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of FactSet Research Systems by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider's stock valued at $41,367,000 after acquiring an additional 1,699 shares during the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of FactSet Research Systems by 29.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider's stock valued at $5,588,000 after acquiring an additional 2,764 shares in the last quarter. 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.