FactSet Research Systems Inc. (NYSE:FDS) was downgraded by equities researchers at Raymond James Financial Inc. from a “market perform” rating to an “underperform” rating in a report issued on Tuesday.
FDS has been the subject of several other reports. Barclays PLC lifted their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 23rd. Cantor Fitzgerald reissued a “hold” rating on shares of FactSet Research Systems in a research report on Friday, August 19th. Bank of America Corp. set a $185.00 price target on shares of FactSet Research Systems and gave the company a “hold” rating in a research report on Thursday, September 15th. Macquarie initiated coverage on shares of FactSet Research Systems in a research report on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price target for the company. Finally, Zacks Investment Research cut shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. FactSet Research Systems presently has an average rating of “Hold” and a consensus price target of $170.22.
Shares of FactSet Research Systems (NYSE:FDS) opened at 162.39 on Tuesday. The firm’s 50-day moving average price is $176.21 and its 200-day moving average price is $162.30. FactSet Research Systems has a 12-month low of $135.95 and a 12-month high of $183.17. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 26.36 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.01. The firm had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 47.98% and a net margin of 30.06%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. On average, analysts forecast that FactSet Research Systems will post $7.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. FactSet Research Systems’s dividend payout ratio (DPR) is 24.30%.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $161.00, for a total transaction of $161,000.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at $563,500. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,126,652 shares of the company’s stock worth $504,705,000 after buying an additional 33,998 shares during the period. Loomis Sayles & Co. L P raised its position in shares of FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock worth $450,209,000 after buying an additional 177,352 shares during the period. BlackRock Fund Advisors raised its position in shares of FactSet Research Systems by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,484,841 shares of the company’s stock worth $239,683,000 after buying an additional 47,373 shares during the period. Wellington Management Group LLP raised its position in shares of FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock worth $198,195,000 after buying an additional 61,270 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock worth $194,127,000 after buying an additional 19,806 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
Receive News & Ratings for FactSet Research Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.