FactSet Research Systems Inc. (NYSE:FDS) Given Consensus Rating of “Hold” by Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $253.00.

A number of equities analysts have commented on the stock. DA Davidson set a $252.00 price objective on shares of FactSet Research Systems and gave the stock a “hold” rating in a research report on Wednesday, September 18th. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $230.00 to $242.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Goldman Sachs Group downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $256.00 to $246.00 in a research report on Thursday, June 27th. Credit Suisse Group restated a “hold” rating on shares of FactSet Research Systems in a research report on Monday, July 8th. Finally, Bank of America upped their price objective on shares of FactSet Research Systems from $290.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 26th.

In other news, Director Philip A. Hadley sold 42,600 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $291.48, for a total value of $12,417,048.00. Following the completion of the transaction, the director now owns 599,991 shares in the company, valued at approximately $174,885,376.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick Philip Snow sold 1,186 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $290.21, for a total transaction of $344,189.06. Following the completion of the transaction, the chief executive officer now owns 4,980 shares of the company’s stock, valued at approximately $1,445,245.80. The disclosure for this sale can be found here. Insiders sold a total of 146,631 shares of company stock valued at $41,904,262 in the last quarter. Insiders own 2.30% of the company’s stock.



Several institutional investors and hedge funds have recently made changes to their positions in the company. Achmea Investment Management B.V. purchased a new position in FactSet Research Systems during the 2nd quarter valued at about $1,178,000. Atria Investments LLC increased its holdings in FactSet Research Systems by 5,526.7% during the 2nd quarter. Atria Investments LLC now owns 217,585 shares of the business services provider’s stock valued at $5,651,000 after acquiring an additional 213,718 shares in the last quarter. Coastal Investment Advisors Inc. increased its holdings in FactSet Research Systems by 23.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 238 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 45 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in FactSet Research Systems by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 448,121 shares of the business services provider’s stock valued at $128,415,000 after acquiring an additional 40,246 shares in the last quarter. Finally, Cleararc Capital Inc. purchased a new position in FactSet Research Systems during the 1st quarter valued at about $242,000. Institutional investors and hedge funds own 96.91% of the company’s stock.

FactSet Research Systems stock traded up $3.14 during trading hours on Wednesday, reaching $271.46. 17,660 shares of the stock were exchanged, compared to its average volume of 285,484. The stock has a market cap of $10.80 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.87 and a current ratio of 2.87. FactSet Research Systems has a 52-week low of $188.31 and a 52-week high of $305.38. The firm’s 50 day moving average is $275.28 and its 200 day moving average is $273.22.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.62 EPS for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.25. The company had revenue of $364.50 million during the quarter, compared to the consensus estimate of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. FactSet Research Systems’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. Equities research analysts expect that FactSet Research Systems will post 9.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.06%. FactSet Research Systems’s dividend payout ratio is presently 33.76%.

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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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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