FactSet Research Systems (NYSE:FDS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

FactSet Research Systems (NYSE:FDS) had its target price increased by BMO Capital Markets from $471.00 to $521.00 in a research note published on Friday,Benzinga reports. The firm currently has a market perform rating on the business services provider’s stock.

Several other equities analysts have also recently commented on FDS. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. UBS Group increased their target price on FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Evercore ISI initiated coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Five equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock traded down $11.82 on Friday, reaching $483.90. 375,391 shares of the company were exchanged, compared to its average volume of 263,203. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 3.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50-day moving average is $461.60 and its two-hundred day moving average is $433.57.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $2.93 earnings per share. As a group, research analysts expect that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,984 shares of company stock worth $12,230,877. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDS. Catalyst Capital Advisors LLC purchased a new stake in shares of FactSet Research Systems in the third quarter worth $26,000. UMB Bank n.a. raised its holdings in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 39 shares during the period. Crewe Advisors LLC lifted its position in shares of FactSet Research Systems by 750.0% in the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC boosted its stake in shares of FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $33,000. Institutional investors own 91.24% of the company’s stock.

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.