Analysts Set FactSet Research Systems Inc. (NYSE:FDS) Price Target at $449.38

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given an average rating of “Reduce” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $436.27.

A number of analysts have weighed in on FDS shares. 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 report on Friday, December 20th. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $450.00 to $402.00 in a report on Friday. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, BMO Capital Markets decreased their price target on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. increased its holdings in FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after buying an additional 21 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in FactSet Research Systems by 1.4% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,572 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 22 shares during the last quarter. Allworth Financial LP lifted its stake in shares of FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares during the last quarter. Private Trust Co. NA lifted its holdings in FactSet Research Systems by 8.2% during the 4th quarter. Private Trust Co. NA now owns 291 shares of the business services provider’s stock valued at $140,000 after buying an additional 22 shares in the last quarter. Finally, Kolinsky Wealth Management LLC lifted its holdings in shares of FactSet Research Systems by 3.2% in the 4th quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider’s stock worth $355,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Trading Down 0.1 %

Shares of NYSE:FDS opened at $432.44 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a 50-day simple moving average of $455.05 and a 200 day simple moving average of $464.73. The company has a market capitalization of $16.45 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter in the previous year, the company earned $4.22 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Sell-side analysts forecast that FactSet Research Systems will post 17.21 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, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.82%.

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.