FactSet Research Systems Inc. (FDS) Given Buy Rating at Credit Suisse Group AG
A number of other analysts have also weighed in on FDS. Zacks Investment Research upgraded FactSet Research Systems from a sell rating to a hold rating in a report on Tuesday, June 14th. Cantor Fitzgerald restated a hold rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Morgan Stanley restated a hold rating and set a $161.00 target price on shares of FactSet Research Systems in a report on Thursday, June 30th. Macquarie began coverage on FactSet Research Systems in a report on Thursday, August 25th. They set a neutral rating and a $180.00 target price for the company. Finally, Bank of America Corp. set a $185.00 target price on FactSet Research Systems and gave the stock a hold rating in a report on Thursday, September 15th. Two equities 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 company currently has an average rating of Hold and an average price target of $170.22.
Shares of FactSet Research Systems (NYSE:FDS) traded down 0.66% during mid-day trading on Wednesday, hitting $161.32. The company had a trading volume of 98,329 shares. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 26.19 and a beta of 0.68. The company has a 50-day moving average price of $176.21 and a 200-day moving average price of $162.30. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17.
FactSet Research Systems (NYSE:FDS) last announced its quarterly 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 firm earned $287.30 million during the quarter. FactSet Research Systems had a net margin of 30.06% and a return on equity of 47.98%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. On average, equities analysts anticipate that FactSet Research Systems will post $7.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 24.30%.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $167.50, for a total value of $167,500.00. Following the transaction, the vice president now directly owns 3,016 shares of the company’s stock, valued at approximately $505,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 1.1% in the second quarter. Vanguard Group Inc. now owns 3,126,652 shares of the company’s stock worth $504,705,000 after buying an additional 33,998 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of FactSet Research Systems by 6.8% in the second quarter. Loomis Sayles & Co. L P now owns 2,789,051 shares of the company’s stock worth $450,209,000 after buying an additional 177,352 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of FactSet Research Systems by 3.3% in the second quarter. BlackRock Fund Advisors now owns 1,484,841 shares of the company’s stock worth $239,683,000 after buying an additional 47,373 shares in the last quarter. Wellington Management Group LLP raised its position in shares of FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock worth $198,195,000 after buying an additional 61,270 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of FactSet Research Systems by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,202,618 shares of the company’s stock worth $194,127,000 after buying an additional 19,806 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
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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