FactSet Research Systems Inc. (FDS) Receives “Sell” Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. reissued their sell rating on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research report sent to investors on Friday. They currently have a $125.00 price target on the stock, up from their previous price target of $124.00.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG reaffirmed a buy rating and issued a $179.00 target price on shares of FactSet Research Systems in a report on Wednesday, September 28th. Barclays PLC raised their target price on FactSet Research Systems from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Tuesday, August 23rd. Zacks Investment Research cut FactSet Research Systems from a buy rating to a hold rating in a report on Friday, July 8th. Morgan Stanley reaffirmed a hold rating and issued a $161.00 target price on shares of FactSet Research Systems in a report on Thursday, June 30th. Finally, Cantor Fitzgerald reaffirmed a hold rating on shares of FactSet Research Systems in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $169.67.
Shares of FactSet Research Systems (NYSE:FDS) traded down 0.86% on Friday, hitting $160.71. The company had a trading volume of 114,892 shares. The stock has a market capitalization of $6.43 billion, a PE ratio of 19.62 and a beta of 0.78. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17. The firm’s 50 day moving average price is $175.53 and its 200-day moving average price is $162.34.
FactSet Research Systems (NYSE:FDS) last announced its earnings results on Tuesday, September 27th. The company reported $1.69 EPS for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The company earned $287.30 million during the quarter. During the same quarter in the prior year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts forecast that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 24.30%.
In other news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the sale, the vice president now owns 3,016 shares of the company’s stock, valued at $505,180. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of FDS. Investec Asset Management LTD increased its stake in FactSet Research Systems by 0.3% in the first quarter. Investec Asset Management LTD now owns 438,244 shares of the company’s stock valued at $66,407,000 after buying an additional 1,421 shares in the last quarter. M&T Bank Corp increased its stake in FactSet Research Systems by 1.4% in the first quarter. M&T Bank Corp now owns 7,079 shares of the company’s stock valued at $1,072,000 after buying an additional 95 shares in the last quarter. Bessemer Group Inc. increased its stake in FactSet Research Systems by 32,279.0% in the first quarter. Bessemer Group Inc. now owns 78,681 shares of the company’s stock valued at $11,923,000 after buying an additional 78,438 shares in the last quarter. JPMorgan Chase & Co. increased its stake in FactSet Research Systems by 8.1% in the first quarter. JPMorgan Chase & Co. now owns 303,631 shares of the company’s stock valued at $46,009,000 after buying an additional 22,733 shares in the last quarter. Finally, Provident Investment Management Inc. increased its stake in FactSet Research Systems by 5.2% in the first quarter. Provident Investment Management Inc. now owns 130,343 shares of the company’s stock valued at $19,751,000 after buying an additional 6,405 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.
FactSet Research Systems Company Profile
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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