Morgan Stanley Increases FactSet Research Systems (NYSE:FDS) Price Target to $251.00

FactSet Research Systems (NYSE:FDS) had its price objective lifted by Morgan Stanley from $220.00 to $251.00 in a report released on Friday morning, BenzingaRatingsTable reports. They currently have an underweight rating on the business services provider’s stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Co boosted their target price on shares of FactSet Research Systems from $250.00 to $280.00 and gave the company an equal weight rating in a report on Friday. Cantor Fitzgerald upped their price target on shares of FactSet Research Systems from $240.00 to $258.00 and gave the stock a neutral rating in a research note on Friday, March 27th. Northcoast Research cut shares of FactSet Research Systems from a neutral rating to a sell rating and set a $240.00 price target on the stock. in a research note on Thursday, June 11th. UBS Group upped their price target on shares of FactSet Research Systems from $226.00 to $298.00 and gave the stock a sell rating in a research note on Friday. Finally, Deutsche Bank upped their price target 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. Five equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company has a consensus rating of Hold and an average price target of $272.15.

Shares of 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 stock 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 current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.16. The company’s fifty day moving average price is $299.74 and its 200-day moving average price is $278.91.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $376.35 million. During the same quarter in the previous year, the business posted $2.62 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that FactSet Research Systems will post 10.53 earnings per share for the current fiscal year.

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

In other news, Director James J. Mcgonigle sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $252.30, for a total transaction of $630,750.00. Following the completion of the sale, the director now owns 15,533 shares of the company’s stock, valued at approximately $3,918,975.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $308.22, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 22,456 shares of company stock worth $6,127,564 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in FactSet Research Systems by 258.8% in the 4th quarter. Bank of Montreal Can now owns 31,920 shares of the business services provider’s stock worth $8,563,000 after acquiring an additional 23,024 shares in the last quarter. Franklin Resources Inc. increased its holdings in FactSet Research Systems by 9.4% in the 1st quarter. Franklin Resources Inc. now owns 42,716 shares of the business services provider’s stock worth $11,135,000 after acquiring an additional 3,686 shares in the last quarter. Invesco Ltd. increased its holdings in FactSet Research Systems by 11.4% in the 1st quarter. Invesco Ltd. now owns 104,482 shares of the business services provider’s stock worth $27,236,000 after acquiring an additional 10,668 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in FactSet Research Systems by 6.5% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 1,400 shares of the business services provider’s stock worth $365,000 after acquiring an additional 85 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in FactSet Research Systems by 15.1% in the 1st quarter. Deutsche Bank AG now owns 52,959 shares of the business services provider’s stock worth $13,807,000 after acquiring an additional 6,958 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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