FactSet Research Systems Inc. (FDS) Given Outperform Rating at Credit Suisse Group AG
FactSet Research Systems Inc. (NYSE:FDS)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group AG in a note issued to investors on Sunday. They currently have a $179.00 price target on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 9.78% from the company’s previous close.
Other analysts also recently issued reports about the company. Bank of America Corp. set a $185.00 price objective on FactSet Research Systems and gave the company a “hold” rating in a report on Thursday, September 15th. Raymond James Financial Inc. downgraded FactSet Research Systems from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 27th. Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a report on Friday, August 19th. Zacks Investment Research upgraded FactSet Research Systems from a “sell” rating to a “hold” rating in a report on Thursday, September 29th. Finally, Barclays PLC lifted their price objective on FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 163.06 on Friday. The company has a market cap of $6.51 billion, a PE ratio of 19.91 and a beta of 0.74. The firm’s 50-day moving average is $157.75 and its 200 day moving average is $163.21. 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 released 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 return on equity of 48.65% and a net margin of 30.06%. The business had revenue of $287.30 million for the quarter. During the same period last year, the business posted $1.48 EPS. The company’s revenue was up 9.7% on a year-over-year basis. Analysts predict that FactSet Research Systems will post $7.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. FactSet Research Systems’s payout ratio is 24.30%.
In related news, SVP Rachel Rebecca Stern sold 1,065 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $158.79, for a total value of $169,111.35. Following the sale, the senior vice president now owns 978 shares in the company, valued at $155,296.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $158.22, for a total value of $988,875.00. Following the completion of the sale, the chief executive officer now owns 10,551 shares in the company, valued at approximately $1,669,379.22. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC raised its stake 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FactSet Research Systems by 14.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,210 shares of the company’s stock worth $196,000 after buying an additional 156 shares during the last quarter. Finally, Southeast Asset Advisors Inc. bought a new position in shares of FactSet Research Systems during the second quarter worth about $202,000. Hedge funds and other institutional investors own 93.61% of the company’s stock.
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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