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

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $335.44.

A number of equities analysts recently commented on FDS shares. Bank of America upped their target price on FactSet Research Systems from $295.00 to $310.00 and gave the company an “underperform” rating in a report on Wednesday, June 30th. Morgan Stanley upped their price target on FactSet Research Systems from $261.00 to $273.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 30th. Deutsche Bank Aktiengesellschaft upped their price target on FactSet Research Systems from $315.00 to $330.00 and gave the stock a “hold” rating in a research note on Wednesday, June 30th. Barclays raised FactSet Research Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 25th. Finally, UBS Group upped their price target on FactSet Research Systems from $295.00 to $310.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 30th.

In other news, EVP Rachel Rebecca Stern sold 6,809 shares of the company’s stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $363.00, for a total transaction of $2,471,667.00. Following the transaction, the executive vice president now directly owns 2,920 shares of the company’s stock, valued at $1,059,960. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $380.41, for a total value of $951,025.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,424 shares of company stock worth $8,704,739. Insiders own 0.74% of the company’s stock.

A number of hedge funds have recently bought and sold shares of FDS. Marshall Wace LLP bought a new position in FactSet Research Systems in the first quarter valued at about $85,000. Commonwealth Equity Services LLC lifted its holdings in FactSet Research Systems by 3.1% in the first quarter. Commonwealth Equity Services LLC now owns 9,334 shares of the business services provider’s stock valued at $2,880,000 after acquiring an additional 285 shares during the period. Standard Life Aberdeen plc lifted its holdings in FactSet Research Systems by 2.3% in the first quarter. Standard Life Aberdeen plc now owns 4,040 shares of the business services provider’s stock valued at $1,246,000 after acquiring an additional 90 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in FactSet Research Systems by 7.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,172 shares of the business services provider’s stock valued at $2,522,000 after acquiring an additional 563 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in FactSet Research Systems in the first quarter valued at about $345,000. 87.49% of the stock is currently owned by institutional investors.

Shares of FDS stock opened at $371.11 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.27 and a current ratio of 3.28. The company has a market capitalization of $14.02 billion, a P/E ratio of 37.00, a PEG ratio of 4.08 and a beta of 0.80. The stock has a 50 day moving average price of $365.51 and a two-hundred day moving average price of $340.16. FactSet Research Systems has a fifty-two week low of $294.21 and a fifty-two week high of $390.96.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Monday, June 28th. The business services provider reported $2.72 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.03). The business had revenue of $399.60 million for the quarter, compared to the consensus estimate of $397.72 million. FactSet Research Systems had a net margin of 24.80% and a return on equity of 44.88%. FactSet Research Systems’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.86 EPS. As a group, equities analysts predict that FactSet Research Systems will post 11.03 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Tuesday, August 31st were paid a $0.82 dividend. The ex-dividend date was Monday, August 30th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.88%. FactSet Research Systems’s dividend payout ratio is currently 30.17%.

About FactSet Research Systems

FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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