FactSet Research Systems Inc. (NYSE:FDS – Get Rating) has been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $448.86.
→ Bank Accounts: Frozen! (From Weiss Ratings)
A number of research analysts have weighed in on FDS shares. Stifel Nicolaus cut their price objective on shares of FactSet Research Systems from $415.00 to $408.00 and set a “hold” rating for the company in a report on Friday. Credit Suisse Group raised shares of FactSet Research Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $485.00 to $500.00 in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of FactSet Research Systems from $477.00 to $454.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of FactSet Research Systems in a report on Friday. Finally, Barclays boosted their target price on shares of FactSet Research Systems from $440.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd.
FactSet Research Systems Stock Performance
Shares of FDS stock opened at $398.86 on Friday. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.80 and a beta of 0.84. The company’s 50 day moving average is $419.40 and its 200 day moving average is $422.37. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 1.26. FactSet Research Systems has a 52-week low of $345.92 and a 52-week high of $474.13.
FactSet Research Systems (NYSE:FDS – Get Rating) last issued its quarterly earnings data on Thursday, March 23rd. The business services provider reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.15. The company had revenue of $515.10 million for the quarter, compared to analyst estimates of $510.79 million. FactSet Research Systems had a net margin of 22.15% and a return on equity of 41.53%. FactSet Research Systems’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $3.27 earnings per share. On average, sell-side analysts anticipate that FactSet Research Systems will post 14.83 EPS for the current fiscal year.
FactSet Research Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Tuesday, February 28th were issued a $0.89 dividend. The ex-dividend date was Monday, February 27th. This represents a $3.56 annualized dividend and a yield of 0.89%. FactSet Research Systems’s payout ratio is 30.90%.
Insider Transactions at FactSet Research Systems
In related news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $412.91, for a total transaction of $1,238,730.00. Following the sale, the chief executive officer now directly owns 8,247 shares of the company’s stock, valued at approximately $3,405,268.77. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.97% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of FDS. Vanguard Group Inc. boosted its stake in FactSet Research Systems by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 4,298,111 shares of the business services provider’s stock worth $1,866,025,000 after purchasing an additional 52,604 shares during the period. State Street Corp increased its holdings in FactSet Research Systems by 1.7% during the 1st quarter. State Street Corp now owns 1,988,080 shares of the business services provider’s stock valued at $863,125,000 after acquiring an additional 32,550 shares in the last quarter. Morgan Stanley increased its holdings in FactSet Research Systems by 171.6% during the 4th quarter. Morgan Stanley now owns 718,288 shares of the business services provider’s stock valued at $288,185,000 after acquiring an additional 453,799 shares in the last quarter. Amundi increased its holdings in FactSet Research Systems by 27.4% during the 4th quarter. Amundi now owns 508,493 shares of the business services provider’s stock valued at $209,468,000 after acquiring an additional 109,306 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of FactSet Research Systems by 21.6% during the fourth quarter. JPMorgan Chase & Co. now owns 477,977 shares of the business services provider’s stock worth $191,770,000 after buying an additional 84,788 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.
About FactSet Research Systems
FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider FactSet Research Systems, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and FactSet Research Systems wasn’t on the list.
While FactSet Research Systems currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here