FactSet Research Systems Inc. (FDS) Given a $161.00 Price Target by Morgan Stanley Analysts
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of FactSet Research Systems from a hold rating to a sell rating in a report on Tuesday, June 21st. Credit Suisse Group AG reissued a buy rating and set a $179.00 price target on shares of FactSet Research Systems in a report on Wednesday. Cantor Fitzgerald reissued a hold rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Barclays PLC increased their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Tuesday, August 23rd. Finally, Raymond James Financial Inc. cut shares of FactSet Research Systems from a market perform rating to an underperform rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $170.22.
FactSet Research Systems (NYSE:FDS) traded down 0.75% during midday trading on Wednesday, reaching $161.18. The company had a trading volume of 174,248 shares. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17. The firm’s 50 day moving average is $176.21 and its 200 day moving average is $162.30. The stock has a market capitalization of $6.55 billion, a PE ratio of 26.17 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $0.01. FactSet Research Systems had a net margin of 30.06% and a return on equity of 47.98%. The company earned $287.30 million during the quarter. During the same period in the previous year, the company earned $1.48 EPS. FactSet Research Systems’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts anticipate that FactSet Research Systems will post $7.08 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. FactSet Research Systems’s dividend payout ratio (DPR) is 24.30%.
In other news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $165.00, for a total transaction of $165,000.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $412,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of FDS. Penserra Capital Management LLC boosted its position in shares of FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock worth $115,000 after buying an additional 195 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the period. Glenmede Trust Co. NA raised its stake in shares of FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the period. Southeast Asset Advisors Inc. purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $202,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of FactSet Research Systems during the second quarter worth about $208,000. 92.87% of the stock is owned by institutional investors and hedge funds.
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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