FactSet Research Systems (NYSE:FDS) Price Target Lowered to $480.00 at UBS Group

FactSet Research Systems (NYSE:FDS - Free Report) had its price objective reduced by UBS Group from $525.00 to $480.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

Several other research analysts have also recently issued reports on FDS. Royal Bank of Canada reissued a "sector perform" rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. BMO Capital Markets decreased their price objective 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. Wells Fargo & Company cut shares of FactSet Research Systems from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday. Stifel Nicolaus raised their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a "hold" rating in a research note on Friday, December 20th. Finally, Morgan Stanley dropped their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating for the company in a research report on Friday. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $436.27.

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FactSet Research Systems Stock Up 1.8 %

Shares of NYSE FDS traded up $7.99 during trading on Friday, reaching $440.10. The company had a trading volume of 266,004 shares, compared to its average volume of 271,708. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The business's 50-day moving average is $454.78 and its 200 day moving average is $464.84. 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 stock has a market cap of $16.74 billion, a PE ratio of 31.55, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The company's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.22 earnings per share. As a group, equities analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $1.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.16 annualized dividend and a yield of 0.95%. FactSet Research Systems's dividend payout ratio is presently 29.59%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now directly owns 44 shares of the company's stock, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Trading of FactSet Research Systems

Institutional investors have recently bought and sold shares of the business. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in shares of FactSet Research Systems during the third quarter worth approximately $35,000. Allworth Financial LP raised its stake in FactSet Research Systems by 19.1% in the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider's stock worth $64,000 after purchasing an additional 22 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of FactSet Research Systems by 5,200.0% during the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider's stock worth $79,000 after purchasing an additional 156 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at approximately $91,000. Institutional investors and hedge funds 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.