FactSet Research Systems Inc. (FDS) Downgraded by Raymond James Financial Inc. to Underperform
Raymond James Financial Inc. lowered shares of FactSet Research Systems Inc. (NYSE:FDS) from a market perform rating to an underperform rating in a research report sent to investors on Tuesday morning.
Several other research firms have also recently weighed in on FDS. Barclays PLC increased their price objective on FactSet Research Systems from $160.00 to $175.00 and gave the company an equal weight rating in a research report on Tuesday, August 23rd. Zacks Investment Research cut FactSet Research Systems from a buy rating to a hold rating in a research report on Friday, July 8th. Morgan Stanley reissued a hold rating and issued a $161.00 price objective on shares of FactSet Research Systems in a research report on Thursday, June 30th. Cantor Fitzgerald reissued a hold rating on shares of FactSet Research Systems in a research report on Wednesday, June 29th. Finally, Bank of America Corp. set a $185.00 price objective on FactSet Research Systems and gave the company a hold rating in a research report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. FactSet Research Systems has an average rating of Hold and an average target price of $170.56.
FactSet Research Systems (NYSE:FDS) opened at 164.34 on Tuesday. The firm has a market capitalization of $6.68 billion, a PE ratio of 26.68 and a beta of 0.68. 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 $176.49 and its 200-day moving average is $162.30.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. The company had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. Equities analysts expect that FactSet Research Systems will post $6.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s dividend payout ratio is 32.47%.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $167.50, for a total value of $167,500.00. Following the transaction, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Tiverton Asset Management LLC boosted its position 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 valued at $54,003,000 after buying an additional 643,596 shares in the last quarter. Norges Bank purchased a new position in FactSet Research Systems during the fourth quarter valued at about $61,644,000. Loomis Sayles & Co. L P boosted its position 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 valued at $395,751,000 after buying an additional 307,358 shares in the last quarter. Fiera Capital Corp purchased a new position in FactSet Research Systems during the second quarter valued at about $30,523,000. Finally, Ngam Advisors L.P. purchased a new position in FactSet Research Systems during the second quarter valued at about $23,266,000. Institutional investors and hedge funds 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.
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