StockNews.com upgraded shares of: FactSet Research Systems (NYSE: FDS – Get Rating) from a hold rating to a buy rating in a report issued on Saturday.
Several other research firms have also issued reports on FDS. Morgan Stanley raised their price target on FactSet Research Systems from $ 346.00 to $ 362.00 and gave the stock an underweight rating in a research report on Wednesday, April 6th. Stifel Nicolaus reiterated a buy rating and issued a $ 432.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 25th. UBS Group raised their target price on FactSet Research Systems from $ 432.00 to $ 454.00 and gave the company a neutral rating in a research note on Monday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on FactSet Research Systems from $ 468.00 to $ 402.00 in a research note on Friday. Finally, Redburn Partners assumed coverage on FactSet Research Systems in a research note on Tuesday, May 17th. They set a sell rating for the company. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $ 429.00.
Shares of NYSE: FDS opened at $ 349.33 on Friday. The company has a market capitalization of $ 13.24 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.72 and a quick ratio of 3.72. The business has a fifty day moving average price of $ 388.17 and a two-hundred day moving average price of $ 418.83. FactSet Research Systems has a 1 year low of $ 324.34 and a 1 year high of $ 495.39.
FactSet Research Systems (NYSE: FDS – Get Rating) last posted its quarterly earnings results on Thursday, March 24th. The business services provider reported $ 3.27 earnings per share for the quarter, topping the consensus estimate of $ 2.96 by $ 0.31. The company had revenue of $ 431.10 million during the quarter, compared to the consensus estimate of $ 427.09 million. FactSet Research Systems had a return on equity of 42.88% and a net margin of 25.15%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $ 2.72 EPS. Sell-side analysts anticipate that FactSet Research Systems will post 13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Tuesday, May 31st were paid a $ 0.89 dividend. The ex-dividend date was Friday, May 27th. This represents a $ 3.56 annualized dividend and a dividend yield of 1.02%. This is a boost from FactSet Research Systems’s previous quarterly dividend of $ 0.82. FactSet Research Systems’s payout ratio is currently 32.72%.
In related news, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $ 370.95, for a total value of $ 927,375.00. Following the completion of the sale, the chief executive officer now owns 3,988 shares of the company stock, valued at $ 1,479,348.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Zimmel sold 1,207 shares of FactSet Research Systems stock in a transaction on Friday, April 8th. The stock was sold at an average price of $ 443.11, for a total value of $ 534,833.77. Following the completion of the sale, the director now directly owns 2,542 shares of the company stock, valued at approximately $ 1,126,385.62. The disclosure for this sale can be found here. Insiders sold 28,277 shares of company stock valued at $ 12,184,602 in the last 90 days. Company insiders own 0.83% of the company stock.
A number of large investors have recently added to or reduced their stakes in FDS. State Street Corp grew its holdings in FactSet Research Systems by 27.5% during the fourth quarter. State Street Corp now owns 1,955,530 shares of the business services provider’s stock valued at $ 950,407,000 after purchasing an additional 421,362 shares during the period. Geode Capital Management LLC grew its holdings in FactSet Research Systems by 40.1% during the fourth quarter. Geode Capital Management LLC now owns 827,816 shares of the business services provider’s stock valued at $ 401,813,000 after purchasing an additional 236,744 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in FactSet Research Systems by 98.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 284,262 shares of the business services provider’s stock valued at $ 138,154,000 after purchasing an additional 140,946 shares during the period. Invesco Ltd. grew its holdings in FactSet Research Systems by 103.6% during the fourth quarter. Invesco Ltd. now owns 240,740 shares of the business services provider’s stock valued at $ 117,002,000 after purchasing an additional 122,485 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in FactSet Research Systems by 179.4% during the first quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider’s stock valued at $ 77,620,000 after purchasing an additional 114,793 shares during the period. 89.99% of the stock is owned by institutional investors and hedge funds.
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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