FactSet Research Systems Inc. (NYSE:FDS) Receives $449.38 Consensus Price Target from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given a consensus rating of “Reduce” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $436.27.

Several research firms recently commented on FDS. Stifel Nicolaus increased their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $450.00 to $402.00 in a report on Friday. UBS Group lowered their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating on the stock in a report on Friday. Finally, BMO Capital Markets reduced their price target on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating on the stock in a report on Monday.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new stake in FactSet Research Systems in the 4th quarter worth $413,000. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock worth $460,467,000 after purchasing an additional 8,376 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in FactSet Research Systems by 52.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,171 shares of the business services provider’s stock worth $2,003,000 after purchasing an additional 1,436 shares during the last quarter. Nordea Investment Management AB lifted its holdings in FactSet Research Systems by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock valued at $164,653,000 after buying an additional 59,173 shares during the period. Finally, Avanza Fonder AB bought a new position in FactSet Research Systems during the fourth quarter worth about $1,481,000. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Stock Down 0.1 %

Shares of FDS opened at $432.44 on Thursday. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a 50 day moving average price of $455.05 and a 200 day moving average price of $464.73.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same period last year, the company earned $4.22 EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

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

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.