Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) Price Target at $446.67

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Reduce” from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $448.46.

Several brokerages have issued reports on FDS. BMO Capital Markets increased their price target on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Jefferies Financial Group reduced their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, UBS Group upped their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, September 20th.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $457.01 on Thursday. The firm has a 50 day moving average of $426.86 and a 200-day moving average of $427.52. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 3.11 and a beta of 0.75. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 net margin of 24.38% and a return on equity of 34.77%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. On average, equities analysts forecast that FactSet Research Systems will post 17.16 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 dividend on an annualized basis and a yield of 0.91%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the transaction, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The disclosure for this sale can be found here. Insiders sold 28,362 shares of company stock worth $12,688,945 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares in the last quarter. Quest Partners LLC boosted its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares during the period. Gladius Capital Management LP purchased a new position in FactSet Research Systems in the 2nd quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. raised its holdings in FactSet Research Systems by 300.0% during the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 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.