StockNews.com Downgrades FactSet Research Systems (NYSE:FDS) to Hold

StockNews.com lowered shares of FactSet Research Systems (NYSE:FDSGet Rating) from a buy rating to a hold rating in a report issued on Sunday.

Several other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on FactSet Research Systems from $102.00 to $418.00 and gave the stock a hold rating in a report on Friday, June 24th. Stifel Nicolaus decreased their price objective on FactSet Research Systems from $432.00 to $394.00 and set a hold rating for the company in a report on Friday, June 24th. Credit Suisse Group decreased their price objective on FactSet Research Systems from $475.00 to $390.00 and set a neutral rating for the company in a report on Friday, June 24th. UBS Group increased their price objective on FactSet Research Systems from $432.00 to $454.00 and gave the stock a neutral rating in a report on Monday, March 28th. Finally, Barclays decreased their price objective on FactSet Research Systems from $550.00 to $440.00 and set an overweight rating for the company in a report on Friday, June 24th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $396.67.

NYSE:FDS opened at $383.10 on Friday. FactSet Research Systems has a 1-year low of $326.21 and a 1-year high of $495.39. The business’s 50-day moving average price is $379.64 and its two-hundred day moving average price is $414.06. The company has a current ratio of 1.99, a quick ratio of 3.72 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.95 and a beta of 0.83.

FactSet Research Systems (NYSE:FDSGet Rating) last released its earnings results on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.58. FactSet Research Systems had a return on equity of 44.24% and a net margin of 22.41%. During the same period last year, the business earned $2.72 EPS. Sell-side analysts predict that FactSet Research Systems will post 13.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Tuesday, May 31st were issued a dividend of $0.89 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.82. This represents a $3.56 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, May 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 34.94%.

In other FactSet Research Systems news, Director Sheila B. Jordan sold 2,572 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the transaction, the director now owns 177 shares in the company, valued at approximately $69,233.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $435.37, for a total value of $1,088,425.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,849 shares of company stock valued at $13,581,260. 0.83% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its position in FactSet Research Systems by 27.5% during the 4th quarter. State Street Corp now owns 1,955,530 shares of the business services provider’s stock worth $950,407,000 after acquiring an additional 421,362 shares during the last quarter. Geode Capital Management LLC grew its position in FactSet Research Systems by 40.1% during the 4th quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider’s stock worth $401,813,000 after acquiring an additional 236,744 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in FactSet Research Systems by 98.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider’s stock worth $138,154,000 after acquiring an additional 140,946 shares during the last quarter. Invesco Ltd. grew its position in FactSet Research Systems by 103.6% during the 4th quarter. Invesco Ltd. now owns 240,740 shares of the business services provider’s stock worth $117,002,000 after acquiring an additional 122,485 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in FactSet Research Systems by 179.4% during the 1st quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider’s stock worth $77,620,000 after acquiring an additional 114,793 shares during the last quarter. Institutional investors own 89.99% of the company’s stock.

About FactSet Research Systems (Get Rating)

FactSet Research Systems Inc, a financial data and analytics 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.

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