Credit Suisse Group AG reiterated their buy rating on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research report report published on Wednesday. They currently have a $179.00 price target on the stock.
A number of other equities research analysts have also recently commented on FDS. Zacks Investment Research cut shares of FactSet Research Systems from a hold rating to a sell rating in a research report on Tuesday, June 21st. Cantor Fitzgerald reaffirmed a hold rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Barclays PLC raised their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Tuesday, August 23rd. Macquarie started coverage on shares of FactSet Research Systems in a report on Thursday, August 25th. They issued a neutral rating and a $180.00 price target for the company. Finally, Raymond James Financial Inc. cut shares of FactSet Research Systems from a market perform rating to an underperform rating in a report on Tuesday, September 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. FactSet Research Systems presently has a consensus rating of Hold and a consensus price target of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 162.10 on Wednesday. The stock has a market cap of $6.48 billion, a PE ratio of 19.79 and a beta of 0.78. The company’s 50 day moving average is $175.53 and its 200-day moving average is $162.34. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The firm had revenue of $287.30 million for the quarter. During the same period last year, the firm earned $1.48 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were paid a $0.50 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 24.30%.
In other news, VP Matthew J. Mcnulty sold 1,000 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $167.50, for a total value of $167,500.00. Following the sale, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in FactSet Research Systems during the second quarter worth $3,009,000. Sterling Capital Management LLC raised its stake in FactSet Research Systems by 0.8% in the second quarter. Sterling Capital Management LLC now owns 1,467 shares of the company’s stock worth $237,000 after buying an additional 11 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in FactSet Research Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 116,301 shares of the company’s stock worth $18,774,000 after buying an additional 5,553 shares during the last quarter. Stifel Financial Corp raised its stake in FactSet Research Systems by 9.6% in the second quarter. Stifel Financial Corp now owns 23,972 shares of the company’s stock worth $3,870,000 after buying an additional 2,098 shares during the last quarter. Finally, Amalgamated Bank raised its stake in FactSet Research Systems by 36.6% in the second quarter. Amalgamated Bank now owns 7,003 shares of the company’s stock worth $1,209,000 after buying an additional 1,875 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
FactSet Research Systems Company Profile
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.
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