FactSet Research Systems (NYSE:FDS) Price Target Raised to $525.00

FactSet Research Systems (NYSE:FDS) had its price objective lifted by UBS Group from $485.00 to $525.00 in a report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

A number of other analysts have also recently weighed in on FDS. BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday. Wells Fargo & Company boosted their price target 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. Stifel Nicolaus increased their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Finally, Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Trading Down 2.4 %

Shares of NYSE FDS opened at $483.90 on Friday. The stock has a market capitalization of $18.38 billion, a P/E ratio of 34.81, a PEG ratio of 3.20 and a beta of 0.75. The stock’s 50 day moving average price is $461.60 and its two-hundred day moving average price is $433.79. The company has a quick ratio of 1.25, 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 $499.87.

FactSet Research Systems (NYSE:FDS) last released its 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. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the previous year, the firm earned $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. FactSet Research Systems’s dividend payout ratio is currently 29.93%.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. This represents a 18.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,984 shares of company stock worth $12,230,877 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in FactSet Research Systems by 47.6% in the 1st quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock worth $284,000 after purchasing an additional 202 shares during the period. QRG Capital Management Inc. raised its position in FactSet Research Systems by 19.8% during the first quarter. QRG Capital Management Inc. now owns 998 shares of the business services provider’s stock valued at $454,000 after buying an additional 165 shares during the period. Bleakley Financial Group LLC boosted its position in FactSet Research Systems by 10.5% during the 1st quarter. Bleakley Financial Group LLC now owns 789 shares of the business services provider’s stock worth $359,000 after acquiring an additional 75 shares during the period. State Board of Administration of Florida Retirement System grew its stake in FactSet Research Systems by 4.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,397 shares of the business services provider’s stock valued at $19,259,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of FactSet Research Systems by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after purchasing an additional 11,974 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.