FactSet Research Systems Inc. (FDS) Given Market Perform Rating at Oppenheimer Holdings Inc.
FDS has been the subject of several other research reports. Raymond James Financial Inc. downgraded shares of FactSet Research Systems from a market perform rating to an underperform rating in a research note on Tuesday. Barclays PLC boosted their target price on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an equal weight rating in a research note on Tuesday, August 23rd. Cantor Fitzgerald reissued a hold rating on shares of FactSet Research Systems in a research note on Friday, August 19th. Bank of America Corp. set a $185.00 target price on shares of FactSet Research Systems and gave the company a hold rating in a research note on Thursday, September 15th. Finally, Macquarie started coverage on shares of FactSet Research Systems in a research note on Thursday, August 25th. They issued a neutral rating and a $180.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. FactSet Research Systems presently has an average rating of Hold and a consensus target price of $170.22.
FactSet Research Systems (NYSE:FDS) opened at 162.39 on Wednesday. The stock has a market cap of $6.60 billion, a price-to-earnings ratio of 26.36 and a beta of 0.68. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17. The stock has a 50 day moving average of $176.21 and a 200 day moving average of $162.30.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share 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 firm earned $287.30 million during the quarter. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that FactSet Research Systems will post $7.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a 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, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $165.00, for a total transaction of $165,000.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at $412,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. 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 valued at $115,000 after buying an additional 195 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position 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 valued at $152,000 after buying an additional 800 shares during the period. Glenmede Trust Co. NA boosted its position 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 valued at $184,000 after buying an additional 12 shares during the period. Southeast Asset Advisors Inc. purchased a new position in shares of FactSet Research Systems during the second quarter valued at about $202,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of FactSet Research Systems during the second quarter valued at about $208,000. Hedge funds and other institutional investors 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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