FactSet Research Systems (NYSE:FDS) Price Target Raised to $469.00 at Stifel Nicolaus

FactSet Research Systems (NYSE:FDS) had its price target upped by Stifel Nicolaus from $451.00 to $469.00 in a report released on Friday, Benzinga reports. The brokerage currently has a hold rating on the business services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a report on Wednesday, June 5th. UBS Group increased their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a neutral rating in a report on Friday. Royal Bank of Canada increased their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a sector perform rating in a report on Friday. Morgan Stanley increased their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a report on Monday, June 24th. Finally, Bank of America downgraded shares of FactSet Research Systems from a neutral rating to an underperform rating and cut their price target for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $446.67.

FactSet Research Systems Stock Performance

FDS stock opened at $468.80 on Friday. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.64 and a beta of 0.75. The firm has a 50-day simple moving average of $422.47 and a two-hundred day simple moving average of $428.08. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period in the prior year, the firm posted $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that FactSet Research Systems will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,330,666.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 9,000 shares of company stock worth $3,714,960. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FDS. Norges Bank purchased a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $47,977,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of FactSet Research Systems by 10.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,282 shares of the business services provider’s stock valued at $612,000 after buying an additional 117 shares in the last quarter. UBS Group AG lifted its holdings in FactSet Research Systems by 2.7% in the 4th quarter. UBS Group AG now owns 52,525 shares of the business services provider’s stock valued at $25,057,000 after purchasing an additional 1,396 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in FactSet Research Systems by 7.0% in the 4th quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock valued at $532,000 after purchasing an additional 73 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in FactSet Research Systems in the 4th quarter valued at $205,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.