FactSet Research Systems Inc. (NYSE:FDS) Receives $443.57 Average PT from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have received an average recommendation of “Reduce” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $443.57.

FDS has been the topic of a number of recent research reports. Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Stifel Nicolaus raised their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. UBS Group increased their price target on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Royal Bank of Canada increased their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 directly owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock worth $12,688,945 over the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Financial Advocates Investment Management raised its position in FactSet Research Systems by 6.3% during the third quarter. Financial Advocates Investment Management now owns 1,013 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 60 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in FactSet Research Systems in the third quarter valued at approximately $220,000. Pinnacle Associates Ltd. acquired a new stake in FactSet Research Systems in the third quarter valued at approximately $242,000. Saybrook Capital NC grew its holdings in FactSet Research Systems by 8.1% in the third quarter. Saybrook Capital NC now owns 48,305 shares of the business services provider’s stock valued at $22,213,000 after purchasing an additional 3,625 shares during the period. Finally, Andina Capital Management LLC grew its holdings in FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 26 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Price Performance

Shares of FDS stock opened at $454.94 on Monday. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64. The stock’s 50-day moving average is $445.18 and its 200 day moving average is $428.83. The company has a market cap of $17.31 billion, a P/E ratio of 32.73, a PEG ratio of 3.08 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 company had revenue of $562.20 million for the quarter, compared to the consensus estimate of $547.06 million. During the same quarter last year, the company earned $2.93 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s payout ratio is 29.93%.

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.