Stifel Nicolaus Raises FactSet Research Systems (NYSE:FDS) Price Target to $310.00

FactSet Research Systems (NYSE:FDS) had its price target increased by Stifel Nicolaus from $230.00 to $310.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. They currently have a hold rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Co lifted their price target on FactSet Research Systems from $250.00 to $280.00 and gave the company an equal weight rating in a report on Friday. DA Davidson lifted their price target on FactSet Research Systems from $260.00 to $288.00 and gave the company a neutral rating in a report on Friday. Oppenheimer reaffirmed a hold rating on shares of FactSet Research Systems in a report on Thursday, June 25th. Morgan Stanley boosted their target price on FactSet Research Systems from $220.00 to $251.00 and gave the stock an underweight rating in a report on Friday. Finally, UBS Group boosted their target price on FactSet Research Systems from $226.00 to $298.00 and gave the stock a sell rating in a report on Friday. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. FactSet Research Systems has an average rating of Hold and an average price target of $272.15.

Shares of FDS stock opened at $326.80 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $299.74 and a two-hundred day moving average of $278.91. FactSet Research Systems has a 52 week low of $195.22 and a 52 week high of $343.78. The company has a market cap of $12.45 billion, a P/E ratio of 33.69, a PEG 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.42. The company had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $376.35 million. FactSet Research Systems had a return on equity of 59.11% and a net margin of 25.45%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.62 earnings per share. Analysts expect that FactSet Research Systems will post 10.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 29th were given a dividend of $0.77 per share. 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. The ex-dividend date was Thursday, May 28th. FactSet Research Systems’s payout ratio is presently 30.80%.

In other FactSet Research Systems news, EVP Robert J. Robie sold 4,000 shares of FactSet Research Systems stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $441,751.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $248.86, for a total transaction of $440,233.34. Following the transaction, the chief executive officer now owns 5,623 shares in the company, valued at $1,399,339.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,456 shares of company stock worth $6,127,564. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in shares of FactSet Research Systems by 1.3% during the 1st quarter. Blair William & Co. IL now owns 2,935 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 39 shares in the last quarter. Mattern Wealth Management LLC grew its holdings in shares of FactSet Research Systems by 0.9% during the 1st quarter. Mattern Wealth Management LLC now owns 4,283 shares of the business services provider’s stock valued at $1,116,000 after acquiring an additional 40 shares in the last quarter. Navellier & Associates Inc grew its holdings in shares of FactSet Research Systems by 5.7% during the 1st quarter. Navellier & Associates Inc now owns 804 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 43 shares in the last quarter. Squar Milner Financial Services LLC grew its holdings in shares of FactSet Research Systems by 13.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 399 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 47 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of FactSet Research Systems by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,167 shares of the business services provider’s stock valued at $1,086,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds 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.

Further Reading: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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