FactSet Research Systems Inc. (NYSE:FDS)‘s stock had its “sell” rating reiterated by Goldman Sachs Group Inc. in a research note issued to investors on Friday. They presently have a $125.00 target price on the stock, up from their previous target price of $124.00. Goldman Sachs Group Inc.’s target price suggests a potential downside of 21.61% from the stock’s previous close.
FDS has been the topic of a number of other reports. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Bank of America Corp. set a $185.00 price objective on FactSet Research Systems and gave the company a “hold” rating in a research report on Thursday, September 15th. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Raymond James Financial Inc. cut FactSet Research Systems from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 27th. Finally, Credit Suisse Group AG assumed coverage on FactSet Research Systems in a research report on Monday, July 11th. They set an “outperform” rating and a $182.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 159.45 on Friday. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 19.47 and a beta of 0.78. FactSet Research Systems has a 12-month low of $135.95 and a 12-month high of $183.17. The company’s 50-day moving average price is $175.15 and its 200-day moving average price is $162.60.
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 analysts’ consensus estimates of $1.70 by $0.01. The firm had revenue of $287.30 million for the quarter. FactSet Research Systems had a net margin of 30.06% and a return on equity of 48.65%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. Equities analysts expect that FactSet Research Systems will post $7.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, August 29th. FactSet Research Systems’s dividend payout ratio is currently 24.30%.
In other news, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the sale, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in FactSet Research Systems by 0.7% in the second quarter. Creative Planning now owns 1,660 shares of the company’s stock worth $268,000 after buying an additional 11 shares during the last quarter. Sterling Capital Management LLC increased 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. Glenmede Trust Co. NA increased its stake in FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the last quarter. Montag & Caldwell LLC increased its stake in FactSet Research Systems by 0.3% in the second quarter. Montag & Caldwell LLC now owns 5,755 shares of the company’s stock worth $929,000 after buying an additional 19 shares during the last quarter. Finally, Middleton & Co Inc MA increased its stake in FactSet Research Systems by 1.3% in the second quarter. Middleton & Co Inc MA now owns 1,987 shares of the company’s stock worth $321,000 after buying an additional 25 shares during the last quarter. 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.
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.