DA Davidson Raises FactSet Research Systems (NYSE:FDS) Price Target to $288.00

FactSet Research Systems (NYSE:FDS) had its target price upped by DA Davidson from $260.00 to $288.00 in a report published on Friday, The Fly reports. They currently have a neutral rating on the business services provider’s stock.

FDS has been the subject of several other reports. Northcoast Research cut shares of FactSet Research Systems from a neutral rating to a sell rating and set a $240.00 price objective for the company. in a research report on Thursday, June 11th. Morgan Stanley boosted their price objective on shares of FactSet Research Systems from $220.00 to $251.00 and gave the company an underweight rating in a research report on Friday. Wells Fargo & Co boosted their price objective on shares of FactSet Research Systems from $250.00 to $280.00 and gave the company an equal weight rating in a research report on Friday. Cantor Fitzgerald boosted their price objective on shares of FactSet Research Systems from $240.00 to $258.00 and gave the company a neutral rating in a research report on Friday, March 27th. Finally, UBS Group boosted their price objective on shares of FactSet Research Systems from $226.00 to $298.00 and gave the company a sell rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $272.15.

FDS stock opened at $326.80 on Friday. FactSet Research Systems has a 12 month low of $195.22 and a 12 month high of $343.78. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average price of $299.74 and a 200 day moving average price of $278.91. The stock has a market cap of $12.45 billion, a PE ratio of 33.69, a P/E/G ratio of 3.67 and a beta of 0.78.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.42. The firm had revenue of $374.10 million during the quarter, compared to analysts’ expectations of $376.35 million. FactSet Research Systems had a net margin of 25.45% and a return on equity of 59.11%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.62 EPS. Sell-side analysts forecast that FactSet Research Systems will post 10.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.72. FactSet Research Systems’s payout ratio is 30.80%.

In related news, CEO Frederick Philip Snow sold 1,769 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $248.86, for a total transaction of $440,233.34. Following the completion of the transaction, the chief executive officer now owns 5,623 shares in the company, valued at approximately $1,399,339.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert J. Robie sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $276.44, for a total transaction of $1,105,760.00. Following the transaction, the executive vice president now owns 1,598 shares of the company’s stock, valued at approximately $441,751.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,456 shares of company stock valued at $6,127,564. 2.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its stake in FactSet Research Systems by 27.0% during the 1st quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock valued at $412,207,000 after purchasing an additional 336,464 shares in the last quarter. AXA increased its stake in FactSet Research Systems by 3.5% during the 1st quarter. AXA now owns 14,927 shares of the business services provider’s stock valued at $3,891,000 after purchasing an additional 499 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in FactSet Research Systems by 36.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 9,000 shares of the business services provider’s stock valued at $2,346,000 after purchasing an additional 2,400 shares in the last quarter. Core Alternative Capital increased its stake in FactSet Research Systems by 137.0% during the 1st quarter. Core Alternative Capital now owns 19,944 shares of the business services provider’s stock valued at $5,199,000 after purchasing an additional 11,529 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its stake in FactSet Research Systems by 10.3% during the 1st quarter. State of Tennessee Treasury Department now owns 32,160 shares of the business services provider’s stock valued at $8,383,000 after purchasing an additional 3,007 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

FactSet Research Systems Company Profile

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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