FactSet Research Systems (NYSE:FDS) had its price objective boosted by Credit Suisse Group from $250.00 to $310.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Credit Suisse Group currently has a neutral rating on the business services provider’s stock.
A number of other brokerages also recently commented on FDS. Stifel Nicolaus lifted their price objective on shares of FactSet Research Systems from $230.00 to $310.00 and gave the company a hold rating in a research report on Friday. UBS Group lifted their target price on shares of FactSet Research Systems from $226.00 to $298.00 and gave the stock a sell rating in a report on Friday. Cantor Fitzgerald lifted their target price on shares of FactSet Research Systems from $240.00 to $258.00 and gave the stock a neutral rating in a report on Friday, March 27th. Deutsche Bank lifted their price objective on shares of FactSet Research Systems from $237.00 to $293.00 and gave the stock a hold rating in a research note on Wednesday, June 3rd. Finally, Oppenheimer reiterated a hold rating on shares of FactSet Research Systems in a research note on Thursday, June 25th. Five research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $272.15.
Shares of FDS opened at $326.80 on Friday. The firm has a 50-day moving average of $299.74 and a 200-day moving average of $278.91. FactSet Research Systems has a one year low of $195.22 and a one year high of $343.78. The company has a market cap of $12.45 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.63 and a quick ratio of 2.63.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.42. FactSet Research Systems had a net margin of 25.45% and a return on equity of 59.11%. The company had revenue of $374.10 million during the quarter, compared to the consensus estimate of $376.35 million. During the same quarter last year, the firm posted $2.62 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that FactSet Research Systems will post 10.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.94%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Thursday, May 28th. FactSet Research Systems’s payout ratio is presently 30.80%.
In other news, CEO Frederick Philip Snow sold 1,769 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $308.22, for a total value of $545,241.18. Following the sale, the chief executive officer now directly owns 3,887 shares of the company’s stock, valued at approximately $1,198,051.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert J. Robie sold 4,000 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $276.44, for a total transaction of $1,105,760.00. Following the completion of the sale, the executive vice president now directly owns 1,598 shares in the company, valued at $441,751.12. The disclosure for this sale can be found here. Insiders have sold a total of 22,456 shares of company stock worth $6,127,564 over the last three months. Insiders own 2.30% of the company’s stock.
Several large investors have recently bought and sold shares of FDS. Marshall Wace LLP bought a new stake in shares of FactSet Research Systems in the 1st quarter valued at $85,000. Victory Capital Management Inc. boosted its stake in shares of FactSet Research Systems by 0.9% in the 4th quarter. Victory Capital Management Inc. now owns 110,719 shares of the business services provider’s stock valued at $29,706,000 after purchasing an additional 987 shares during the last quarter. FIL Ltd bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at $52,000. Banque Cantonale Vaudoise acquired a new position in shares of FactSet Research Systems during the 4th quarter valued at $214,000. Finally, Rafferty Asset Management LLC lifted its position in shares of FactSet Research Systems by 8.6% during the 4th quarter. Rafferty Asset Management LLC now owns 6,150 shares of the business services provider’s stock valued at $1,650,000 after acquiring an additional 489 shares during the period. 93.84% of the stock is currently owned by institutional investors.
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.
Further Reading: Understanding each part of a balance sheet
Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.