FactSet Research Systems’ (FDS) “Hold” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group restated their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a research note released on Monday, Stock Target Advisor reports.

Other equities analysts have also issued research reports about the company. Morgan Stanley set a $12.00 price objective on Adient and gave the stock a sell rating in a research note on Wednesday, June 26th. Goldman Sachs Group upgraded to a neutral rating and lowered their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research note on Thursday, June 27th. Cantor Fitzgerald restated a buy rating and set a $20.00 price objective on shares of Neos Therapeutics in a research note on Wednesday, March 27th. Stifel Nicolaus raised their price objective on FactSet Research Systems from $230.00 to $242.00 and gave the stock a hold rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank restated a buy rating on shares of NINTENDO LTD/ADR in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $251.77.

NYSE:FDS opened at $294.47 on Monday. The firm has a market cap of $11.15 billion, a PE ratio of 30.39, a P/E/G ratio of 2.86 and a beta of 1.00. The business’s 50 day moving average price is $289.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.45 and a current ratio of 2.88. FactSet Research Systems has a 1-year low of $188.31 and a 1-year high of $305.38.



FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million during the quarter, compared to analysts’ expectations of $359.25 million. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $2.18 EPS. As a group, equities research analysts predict that FactSet Research Systems will post 9.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Friday, May 31st were paid a $0.72 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, May 30th. This represents a $2.88 annualized dividend and a dividend yield of 0.98%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.76%.

In other news, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $275.64, for a total value of $326,909.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott A. Billeadeau sold 2,683 shares of FactSet Research Systems stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $289.03, for a total value of $775,467.49. Following the completion of the transaction, the director now owns 3,684 shares in the company, valued at approximately $1,064,786.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,241 shares of company stock worth $1,776,760. Corporate insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC increased its stake in shares of FactSet Research Systems by 114.0% in the 4th quarter. Global Retirement Partners LLC now owns 199 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 106 shares during the last quarter. First Mercantile Trust Co. grew its position in FactSet Research Systems by 138.3% during the 1st quarter. First Mercantile Trust Co. now owns 336 shares of the business services provider’s stock worth $83,000 after acquiring an additional 195 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in FactSet Research Systems during the 1st quarter worth $84,000. Liberty Wealth Management LLC bought a new stake in FactSet Research Systems during the 4th quarter worth $68,000. Finally, Marshall Wace LLP bought a new stake in FactSet Research Systems during the 1st quarter worth $85,000. Institutional investors own 93.98% of the company’s stock.

FactSet Research Systems Company Profile

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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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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