FactSet Research Systems Inc. (NYSE:FDS) Receives Average Rating of “Reduce” from Analysts

FactSet Research Systems Inc. (NYSE:FDS) has been assigned an average recommendation of “Reduce” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $453.46.

A number of equities research analysts have issued reports on the company. Evercore ISI assumed coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Wells Fargo & Company upped their target price on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Finally, UBS Group upped their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th.

Insider Activity at FactSet Research Systems

In related news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in FactSet Research Systems by 3.3% during the second quarter. Van ECK Associates Corp now owns 7,204 shares of the business services provider’s stock worth $2,941,000 after acquiring an additional 231 shares in the last quarter. Larson Financial Group LLC raised its stake in FactSet Research Systems by 11.8% during the second quarter. Larson Financial Group LLC now owns 447 shares of the business services provider’s stock worth $183,000 after acquiring an additional 47 shares in the last quarter. TD Asset Management Inc raised its stake in FactSet Research Systems by 5.5% during the second quarter. TD Asset Management Inc now owns 22,538 shares of the business services provider’s stock worth $9,202,000 after acquiring an additional 1,172 shares in the last quarter. National Bank of Canada FI raised its stake in FactSet Research Systems by 15.6% during the second quarter. National Bank of Canada FI now owns 26,414 shares of the business services provider’s stock worth $10,846,000 after acquiring an additional 3,555 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in FactSet Research Systems by 8.1% during the second quarter. Private Advisor Group LLC now owns 1,769 shares of the business services provider’s stock worth $722,000 after acquiring an additional 132 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 1.0 %

NYSE:FDS opened at $453.93 on Friday. The stock’s 50 day moving average price is $481.64 and its 200 day moving average price is $449.76. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $17.24 billion, a P/E ratio of 32.66, a P/E/G ratio of 3.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.25 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same quarter in the prior year, the company posted $4.12 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. On average, research analysts forecast that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 29th were paid a $1.04 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.92%. FactSet Research Systems’s payout ratio is 29.82%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data 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.