FactSet Research Systems (NYSE:FDS) Price Target Raised to $521.00

FactSet Research Systems (NYSE:FDS) had its target price upped by BMO Capital Markets from $471.00 to $521.00 in a report issued on Friday morning,Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. UBS Group boosted their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Royal Bank of Canada raised 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 boosted their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. Finally, Evercore ISI started 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. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Price Performance

NYSE:FDS opened at $485.93 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day moving average of $462.74 and a 200-day moving average of $434.23. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The company had revenue of $562.20 million for 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 company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.93 earnings per share. As a group, equities research analysts anticipate that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. FactSet Research Systems’s payout ratio is presently 29.93%.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the firm’s 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 owns 23,515 shares in the company, valued at approximately $10,726,367.25. This trade represents a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FDS. Empowered Funds LLC grew its holdings in shares of FactSet Research Systems by 47.6% in the 1st quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock valued at $284,000 after buying an additional 202 shares during the period. QRG Capital Management Inc. grew its stake in FactSet Research Systems by 19.8% in the first quarter. QRG Capital Management Inc. now owns 998 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 165 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of FactSet Research Systems by 10.5% in the first 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 in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of FactSet Research Systems by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,397 shares of the business services provider’s stock worth $19,259,000 after purchasing an additional 1,797 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.3% during 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 in the last quarter. Institutional investors and hedge funds 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.