FactSet Research Systems (NYSE:FDS) Price Target Lowered to $448.00 at Evercore ISI

FactSet Research Systems (NYSE:FDS) had its price target lowered by Evercore ISI from $470.00 to $448.00 in a report published on Monday,Benzinga reports. The firm currently has an in-line rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on FDS. BMO Capital Markets decreased 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 report on Monday, March 24th. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday, March 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, UBS Group lowered their price objective 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. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and an average target price of $445.25.

FactSet Research Systems Stock Up 0.2%

Shares of NYSE:FDS opened at $424.74 on Monday. The firm has a 50 day simple moving average of $440.04 and a 200-day simple moving average of $452.93. FactSet Research Systems has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $16.12 billion, a PE ratio of 30.21, a P/E/G ratio of 2.79 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a net margin of 24.07% and a return on equity of 32.91%. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same period in the previous year, the company earned $4.22 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.04%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 31.29%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Institutional investors have recently modified their holdings of the business. Savant Capital LLC increased its holdings in FactSet Research Systems by 8.9% in the fourth quarter. Savant Capital LLC now owns 562 shares of the business services provider’s stock valued at $270,000 after buying an additional 46 shares in the last quarter. Van ECK Associates Corp raised its holdings in FactSet Research Systems by 3.9% during the fourth quarter. Van ECK Associates Corp now owns 8,267 shares of the business services provider’s stock worth $3,970,000 after purchasing an additional 311 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in FactSet Research Systems by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 14,241 shares of the business services provider’s stock worth $6,929,000 after purchasing an additional 359 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in FactSet Research Systems by 19.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 717 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 119 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after buying an additional 22 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.