FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Rating of “Reduce” from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been assigned a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $450.00.

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price target on shares of FactSet Research Systems in a research report on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of 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, Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $481.36 on Friday. The firm has a market capitalization of $18.29 billion, a PE ratio of 34.63, a PEG ratio of 3.20 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The firm’s fifty day simple moving average is $463.55 and its 200 day simple moving average is $434.60.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the company posted $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

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

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The trade was a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred 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 sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems in the third quarter worth about $26,000. UMB Bank n.a. increased its holdings in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC raised its position in FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC lifted its holdings in FactSet Research Systems by 6,700.0% during the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in FactSet Research Systems in the 2nd quarter valued at $33,000. 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.