Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) Target Price at $453.46

FactSet Research Systems Inc. (NYSE:FDS) has been given an average recommendation of “Reduce” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $453.46.

FDS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. BMO Capital Markets lowered their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, UBS Group upped their price target on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, November 15th.

Insiders Place Their Bets

In other news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of FactSet Research Systems by 3.3% in the 2nd quarter. Van ECK Associates Corp now owns 7,204 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 231 shares in the last quarter. Larson Financial Group LLC raised its holdings in FactSet Research Systems by 11.8% in the second quarter. Larson Financial Group LLC now owns 447 shares of the business services provider’s stock worth $183,000 after purchasing an additional 47 shares in the last quarter. TD Asset Management Inc grew its stake in FactSet Research Systems by 5.5% during the 2nd quarter. TD Asset Management Inc now owns 22,538 shares of the business services provider’s stock worth $9,202,000 after buying an additional 1,172 shares during the last quarter. National Bank of Canada FI grew its stake in shares of FactSet Research Systems by 15.6% during the second quarter. National Bank of Canada FI now owns 26,414 shares of the business services provider’s stock worth $10,846,000 after acquiring an additional 3,555 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of FactSet Research Systems by 8.1% during the second quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 132 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 0.3 %

NYSE FDS opened at $459.14 on Friday. The stock has a 50 day moving average price of $481.54 and a 200-day moving average price of $449.70. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. 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 market capitalization of $17.44 billion, a P/E ratio of 33.03, a P/E/G ratio of 3.14 and a beta of 0.76.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million during the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. FactSet Research Systems’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.12 earnings per share. As a group, equities analysts predict that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.91%. FactSet Research Systems’s payout ratio is currently 29.93%.

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.