FactSet Research Systems (NYSE:FDS) Given New $480.00 Price Target at UBS Group

FactSet Research Systems (NYSE:FDS) had its price target trimmed by UBS Group from $525.00 to $480.00 in a research note published on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research analysts also recently commented on FDS. Stifel Nicolaus increased their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets decreased their price target on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. Morgan Stanley dropped their price objective on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $441.00.

FactSet Research Systems Stock Up 0.5 %

FDS stock opened at $433.01 on Friday. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. 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 firm has a 50-day simple moving average of $455.49 and a 200-day simple moving average of $464.69. The stock has a market capitalization of $16.47 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $570.65 million. During the same period in the previous year, the business earned $4.22 EPS. FactSet Research Systems’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s payout ratio is presently 29.82%.

Hedge Funds Weigh In On FactSet Research Systems

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in FactSet Research Systems in the 4th quarter valued at about $69,128,000. Point72 Asset Management L.P. purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $66,368,000. Geode Capital Management LLC lifted its holdings in shares of 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 worth $527,411,000 after acquiring an additional 94,668 shares during the last quarter. Meridiem Capital Partners LP purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $39,284,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.