FactSet Research Systems (NYSE:FDS) Price Target Raised to $525.00 at UBS Group

FactSet Research Systems (NYSE:FDSFree Report) had its target price boosted by UBS Group from $485.00 to $525.00 in a report released on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

FDS has been the subject of a number of other research reports. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective for the company. Redburn Atlantic downgraded FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a research note on Friday. Five investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $450.00.

View Our Latest Research Report on FactSet Research Systems

FactSet Research Systems Price Performance

Shares of FDS traded down $11.82 during trading hours on Friday, reaching $483.90. The company had a trading volume of 375,391 shares, compared to its average volume of 263,203. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 3.25 and a beta of 0.75. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The firm has a 50 day simple moving average of $461.60 and a 200-day simple moving average of $433.57. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 EPS. Research analysts expect that FactSet Research Systems will post 17.2 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Buying and Selling

In other news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The trade was a 37.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the transaction, the insider now directly owns 299 shares of the company’s stock, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock worth $12,230,877. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the third quarter worth approximately $26,000. UMB Bank n.a. lifted its stake in FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC grew its position in FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares in the last quarter. Quest Partners LLC grew its holdings in shares of FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems during the second quarter worth approximately $33,000. 91.24% of the stock is owned by institutional investors.

FactSet Research Systems Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.