FactSet Research Systems Inc. (NYSE:FDS) Given Average Rating of “Reduce” by Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has received a consensus rating of “Reduce” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $451.85.

A number of research analysts recently issued reports on the stock. Redburn Atlantic cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Wells Fargo & Company boosted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday, September 20th. UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, November 15th.

Insiders Place Their Bets

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. The trade was a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,984 shares of company stock valued at $10,981,107 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC bought a new position in FactSet Research Systems during the 3rd quarter worth approximately $26,000. UMB Bank n.a. raised its stake in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC lifted its holdings in FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 60 shares during the period. Quest Partners LLC boosted its position in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in FactSet Research Systems during the 3rd quarter worth about $34,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $487.67 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 3.15 and a beta of 0.76. The stock has a fifty day moving average price of $475.22 and a 200-day moving average price of $441.09.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the prior year, the business posted $2.93 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date is Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio is presently 29.93%.

FactSet Research Systems Company Profile

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.