Credit Suisse Group reiterated their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a report released on Monday, Stock Target Advisor reports.
A number of other research analysts also recently weighed in on the company. Bank of America initiated coverage on Guangshen Railway Co. Ltd ADR Class H in a research note on Wednesday, June 26th. They set an underperform rating on the stock. Goldman Sachs Group raised to a neutral rating and dropped their price target for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research note on Thursday, June 27th. Piper Jaffray Companies upped their price target on FactSet Research Systems from $211.00 to $262.00 and gave the stock a neutral rating in a research note on Wednesday, March 27th. DA Davidson downgraded LegacyTexas Financial Group from a buy rating to a neutral rating and set a $43.00 price target on the stock. in a research note on Monday, June 17th. Finally, Deutsche Bank reaffirmed a buy rating on shares of NINTENDO LTD/ADR in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $251.77.
FDS stock opened at $294.47 on Monday. The business’s 50 day moving average price is $289.48. FactSet Research Systems has a fifty-two week low of $188.31 and a fifty-two week high of $305.38. The company has a current ratio of 2.88, a quick ratio of 2.45 and a debt-to-equity ratio of 0.88. The firm has a market cap of $11.15 billion, a P/E ratio of 30.39, a P/E/G ratio of 2.86 and a beta of 1.00.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.25. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The business had revenue of $364.50 million for the quarter, compared to the consensus estimate of $359.25 million. During the same period in the prior year, the business earned $2.18 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts predict that FactSet Research Systems will post 9.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Friday, May 31st were issued a dividend of $0.72 per share. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. This represents a $2.88 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 30th. FactSet Research Systems’s payout ratio is currently 33.76%.
In other FactSet Research Systems news, Director Scott A. Billeadeau sold 2,683 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $289.03, for a total transaction of $775,467.49. Following the completion of the sale, the director now directly owns 3,684 shares of the company’s stock, valued at approximately $1,064,786.52. 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 1,186 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $278.41, for a total value of $330,194.26. Following the sale, the chief executive officer now directly owns 4,980 shares of the company’s stock, valued at $1,386,481.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,241 shares of company stock valued at $1,776,760 over the last three months. Corporate insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FDS. Nachman Norwood & Parrott Inc purchased a new position in FactSet Research Systems in the second quarter valued at approximately $222,000. Gulf International Bank UK Ltd purchased a new position in FactSet Research Systems in the second quarter valued at approximately $2,779,000. Retirement Systems of Alabama lifted its stake in FactSet Research Systems by 4.9% in the second quarter. Retirement Systems of Alabama now owns 64,938 shares of the business services provider’s stock valued at $18,609,000 after purchasing an additional 3,024 shares during the last quarter. WINTON GROUP Ltd lifted its stake in FactSet Research Systems by 1.6% in the second quarter. WINTON GROUP Ltd now owns 2,559 shares of the business services provider’s stock valued at $733,000 after purchasing an additional 40 shares during the last quarter. Finally, Cleararc Capital Inc. purchased a new position in FactSet Research Systems in the first quarter valued at approximately $242,000. 93.98% of the stock is owned by hedge funds and other institutional investors.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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