A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of FactSet Research Systems from a hold rating to a sell rating in a research report on Tuesday, September 6th. Bank of America Corp. set a $185.00 target price on shares of FactSet Research Systems and gave the company a hold rating in a research report on Thursday, September 15th. Raymond James Financial Inc. cut shares of FactSet Research Systems from a market perform rating to an underperform rating in a research report on Tuesday, September 27th. Credit Suisse Group AG started coverage on shares of FactSet Research Systems in a research report on Monday, July 11th. They set an outperform rating and a $182.00 target price for the company. Finally, Macquarie started coverage on shares of FactSet Research Systems in a research report on Thursday, August 25th. They set a neutral rating and a $180.00 target price for the company. 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 an average rating of Hold and a consensus price target of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 159.45 on Wednesday. The stock has a market cap of $6.38 billion, a PE ratio of 19.47 and a beta of 0.78. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17. The stock’s 50 day moving average is $175.15 and its 200 day moving average is $162.60.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The business earned $287.30 million during the quarter. During the same period in the previous year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts predict that FactSet Research Systems will post $7.04 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders 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 yield of 1.25%. FactSet Research Systems’s payout ratio is 24.30%.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total transaction of $165,000.00. Following the transaction, the director now owns 2,500 shares in the company, valued at approximately $412,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Tiverton Asset Management LLC raised its stake in FactSet Research Systems by 502.9% in the second quarter. Tiverton Asset Management LLC now owns 771,581 shares of the company’s stock worth $54,003,000 after buying an additional 643,596 shares during the last quarter. Norges Bank acquired a new stake in FactSet Research Systems during the fourth quarter worth $61,644,000. Loomis Sayles & Co. L P raised its stake in FactSet Research Systems by 13.3% in the first quarter. Loomis Sayles & Co. L P now owns 2,611,699 shares of the company’s stock worth $395,751,000 after buying an additional 307,358 shares during the last quarter. Fiera Capital Corp acquired a new stake in FactSet Research Systems during the second quarter worth $30,523,000. Finally, Ngam Advisors L.P. acquired a new stake in FactSet Research Systems during the second quarter worth $23,266,000. Hedge funds and other institutional investors 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.