FactSet Research Systems Inc. (NYSE:FDS) Given Consensus Recommendation of “Reduce” by Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given a consensus rating of “Reduce” by the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $279.6154.

A number of equities analysts have issued reports on FDS shares. Wells Fargo & Company lifted their price objective on shares of FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a report on Wednesday, April 1st. The Goldman Sachs Group cut their price objective on shares of FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Royal Bank Of Canada cut their price objective on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Finally, UBS Group cut their price objective on shares of FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at about $26,000. WPG Advisers LLC raised its stake in FactSet Research Systems by 76.9% in the 4th quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 40 shares during the period. Field & Main Bank bought a new stake in FactSet Research Systems in the 4th quarter valued at about $29,000. BOKF NA raised its stake in FactSet Research Systems by 5,100.0% in the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 102 shares during the period. Finally, Navalign LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at about $32,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

FDS opened at $228.76 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.98 and a beta of 0.71. The firm’s fifty day moving average price is $231.15 and its two-hundred day moving average price is $242.16. FactSet Research Systems has a 1 year low of $185.00 and a 1 year high of $453.41.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $0.09. The firm had revenue of $611.02 million for the quarter, compared to the consensus estimate of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.28 EPS. As a group, analysts anticipate that FactSet Research Systems will post 17.66 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be paid a $1.16 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.64 dividend on an annualized basis and a yield of 2.0%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.84%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.