Brokerages Set FactSet Research Systems Inc. (NYSE:FDS) PT at $436.90

Shares of FactSet Research Systems Inc. (NYSE:FDS) have received a consensus rating of “Reduce” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $436.90.

Several analysts have issued reports on the stock. UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. BMO Capital Markets cut their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, Morgan Stanley decreased their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st.

Insider Buying and Selling

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the transaction, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smith Shellnut Wilson LLC ADV grew its holdings in FactSet Research Systems by 6.6% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 486 shares of the business services provider’s stock worth $221,000 after acquiring an additional 30 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider’s stock valued at $609,000 after purchasing an additional 60 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of FactSet Research Systems in the first quarter valued at approximately $347,000. Janney Montgomery Scott LLC raised its position in FactSet Research Systems by 39.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 51,674 shares of the business services provider’s stock worth $23,493,000 after purchasing an additional 14,514 shares during the last quarter. Finally, Mission Wealth Management LP lifted its holdings in FactSet Research Systems by 5.5% during the 1st quarter. Mission Wealth Management LP now owns 2,748 shares of the business services provider’s stock worth $1,249,000 after buying an additional 143 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.1 %

Shares of FDS stock opened at $426.86 on Monday. FactSet Research Systems has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a market cap of $16.20 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.93 and a beta of 0.82. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $440.70 and its two-hundred day moving average is $461.55.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. FactSet Research Systems’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $4.22 EPS. Equities analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.59%.

About FactSet Research Systems

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.