FactSet Research Systems (NYSE:FDS) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Wednesday, Marketbeat.com reports. The brokerage issued an inline rating and a $470.00 price objective on the business services provider’s stock.

A number of other brokerages have also recently issued reports on FDS. Jefferies Financial Group cut their target price on FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a report on Wednesday, June 5th. Royal Bank of Canada lifted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a sector perform rating in a report on Friday, September 20th. Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a research note on Monday, June 24th. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an equal weight rating in a research report on Friday, September 20th. Finally, BMO Capital Markets boosted their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a market perform rating in a report on Friday, September 20th. Four analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $448.46.

FactSet Research Systems Price Performance

FDS stock opened at $457.00 on Wednesday. The company’s 50-day moving average price is $428.64 and its two-hundred day moving average price is $427.60. The firm has a market cap of $17.38 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.11 and a beta of 0.75. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the previous year, the business posted $2.93 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that FactSet Research Systems will post 17.16 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.91%. FactSet Research Systems’s payout ratio is presently 31.37%.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares in the company, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock worth $12,688,945 in the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently modified their holdings of FDS. SteelPeak Wealth LLC lifted its holdings in FactSet Research Systems by 134.1% in the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in FactSet Research Systems by 3.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after buying an additional 1,389 shares during the period. Cetera Investment Advisers increased its holdings in FactSet Research Systems by 214.5% during the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after buying an additional 3,683 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in FactSet Research Systems by 22.5% in the first quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after acquiring an additional 2,920 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of FactSet Research Systems by 34.4% during the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock worth $19,959,000 after acquiring an additional 11,257 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

About FactSet Research Systems

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.