FactSet Research Systems Inc. (NYSE:FDS) Receives $443.57 Average PT from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) have received a consensus recommendation of "Reduce" from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $443.57.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an "equal weight" rating in a research note on Friday, September 20th. Royal Bank of Canada raised their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a "sector perform" rating in a research note on Friday, September 20th. Morgan Stanley raised their price target on FactSet Research Systems from $350.00 to $355.00 and gave the stock an "underweight" rating in a research note on Monday, June 24th. UBS Group raised their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Finally, Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a "hold" rating in a research note on Friday, September 20th.

FactSet Research Systems Stock Down 0.6 %

FactSet Research Systems stock traded down $2.70 during mid-day trading on Monday, hitting $468.83. The company's stock had a trading volume of 173,842 shares, compared to its average volume of 263,825. The firm's 50 day moving average is $439.44 and its 200 day moving average is $427.89. The company has a market cap of $17.83 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm 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 in the prior year, the business earned $2.93 EPS. On average, analysts anticipate that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the sale, the chief executive officer now owns 12,987 shares of the company's stock, valued at $5,910,253.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,362 shares of company stock valued at $12,688,945 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently modified their holdings of FDS. Millennium Management LLC lifted its position in shares of FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider's stock worth $48,822,000 after buying an additional 115,561 shares during the period. PineStone Asset Management Inc. lifted its position in shares of FactSet Research Systems by 53.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider's stock worth $111,447,000 after buying an additional 94,952 shares during the period. Norden Group LLC lifted its position in shares of FactSet Research Systems by 1,844.5% during the 1st quarter. Norden Group LLC now owns 45,696 shares of the business services provider's stock worth $20,761,000 after buying an additional 43,346 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider's stock worth $96,113,000 after buying an additional 41,717 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of FactSet Research Systems by 198.2% during the 1st quarter. BNP Paribas Financial Markets now owns 51,391 shares of the business services provider's stock worth $23,352,000 after buying an additional 34,156 shares during the period. 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.