FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned a consensus rating of “Reduce” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $443.57.

A number of research firms have issued reports on FDS. Royal Bank of Canada increased their price objective on 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 raised their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Evercore ISI initiated coverage on FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target for the company. Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, UBS Group raised their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 20th.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,330,666.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,362 shares of company stock valued at $12,688,945. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in FactSet Research Systems by 144.4% during the 2nd 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 period. Crewe Advisors LLC increased its stake in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares during the last quarter. Quest Partners LLC increased its stake 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 acquiring an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new stake in FactSet Research Systems in the 2nd quarter worth approximately $33,000. Finally, SJS Investment Consulting Inc. increased its stake in FactSet Research Systems by 300.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of FactSet Research Systems stock opened at $454.94 on Monday. The business has a 50 day moving average of $445.18 and a 200 day moving average of $428.91. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a market cap of $17.31 billion, a PE ratio of 34.31, a P/E/G ratio of 3.01 and a beta of 0.75. 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 data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The business 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 firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.93 earnings per share. As a group, equities research analysts forecast that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Announces Dividend

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

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.