Analysts Set FactSet Research Systems Inc. (NYSE:FDS) Price Target at $436.90

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given an average rating of “Reduce” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $436.90.

FDS has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Wells Fargo & Company cut shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Morgan Stanley cut their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets cut their target price on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a research note on Monday, March 24th.

FactSet Research Systems Stock Down 0.9%

FDS stock opened at $452.28 on Friday. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a fifty day moving average of $433.02 and a 200-day moving average of $458.31. FactSet Research Systems has a fifty-two week low of $391.69 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the previous year, the company posted $4.22 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is currently 31.29%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the sale, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in FactSet Research Systems in the 4th quarter worth $29,000. SouthState Corp grew its stake in shares of FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after buying an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after acquiring an additional 84 shares during the last quarter. Bank of Jackson Hole Trust increased its position in shares of FactSet Research Systems by 187.9% during the 1st quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 62 shares during the last quarter. Finally, American National Bank & Trust bought a new position in FactSet Research Systems during the first quarter valued at $44,000. Institutional investors 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.