FactSet Research Systems Inc. (NYSE:FDS) Receives $449.38 Average PT from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has been assigned an average recommendation of “Reduce” from the ten research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $441.00.

A number of analysts have recently weighed in on FDS shares. BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Stifel Nicolaus increased their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. 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 research note on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research note on Monday, March 10th. Finally, UBS Group decreased their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the period. Geode Capital Management LLC increased its holdings in FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock valued at $527,411,000 after purchasing an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in FactSet Research Systems by 3.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock valued at $240,184,000 after purchasing an additional 16,522 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of FactSet Research Systems by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of FactSet Research Systems by 17.2% in the fourth quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after buying an additional 66,861 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

Shares of FactSet Research Systems stock opened at $433.01 on Thursday. The firm has a market cap of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The business’s fifty day simple moving average is $455.49 and its 200-day simple moving average is $464.45.

FactSet Research Systems (NYSE:FDS) last announced 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. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the company earned $4.22 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 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.