FactSet Research Systems Inc. (FDS) Upgraded by Zacks Investment Research to Hold
According to Zacks, “The Global business information service provider, FactSet’s fourth-quarter fiscal 2017 top and bottom line results, though marked a strong year over year improvement, both fell short of their respective Zacks Consensus Estimates. Furthermore, FactSet’s soft guidance for the forthcoming quarter makes us suspicious about a potential slowdown coming for the company. Nonetheless, we opine that its sustained focus on product innovation across segments with an emphasis on financial services to expand the customer base will continue to help it keep floating despite the current macroeconomic challenges. Moreover, FactSet’s strategy of growing through acquisitions is praiseworthy. On the flip side, competition from Bloomberg L.P., Dow Jones & Company Inc., MSCI Inc. and Thomson Reuters, which are also introducing substitute products at competitive prices, is a headwind.”
Other analysts also recently issued research reports about the stock. Credit Suisse Group AG reissued a buy rating and set a $179.00 target price on shares of FactSet Research Systems in a research report on Wednesday, September 28th. Oppenheimer Holdings Inc. reissued a market perform rating on shares of FactSet Research Systems in a research report on Wednesday, September 28th. Macquarie began coverage on shares of FactSet Research Systems in a research report on Thursday, August 25th. They set a neutral rating and a $180.00 target price for the company. Bank of America Corp. set a $185.00 target price on shares of FactSet Research Systems and gave the stock a hold rating in a research report on Thursday, September 15th. Finally, Goldman Sachs Group Inc. reissued a sell rating and set a $125.00 target price (up previously from $124.00) on shares of FactSet Research Systems in a research report on Friday, September 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. FactSet Research Systems has a consensus rating of Hold and a consensus target price of $169.67.
FactSet Research Systems (NYSE:FDS) opened at 163.29 on Monday. The stock has a market cap of $6.52 billion, a P/E ratio of 19.94 and a beta of 0.74. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17. The company has a 50-day moving average of $156.80 and a 200-day moving average of $163.85.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.70 by $0.01. The business had revenue of $287.30 million for the quarter. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. On average, analysts predict that FactSet Research Systems will post $7.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Wednesday, November 30th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, November 28th. FactSet Research Systems’s dividend payout ratio is presently 24.30%.
In other FactSet Research Systems news, CEO Frederick Philip Snow sold 6,250 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $158.22, for a total value of $988,875.00. Following the sale, the chief executive officer now directly owns 10,551 shares of the company’s stock, valued at $1,669,379.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Rachel Rebecca Stern sold 1,065 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 978 shares in the company, valued at $155,296.62. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of FDS. 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 during the period. 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of FactSet Research Systems by 0.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,123,146 shares of the company’s stock worth $344,162,000 after buying an additional 16,178 shares during the period. Wells Fargo & Company MN raised its position in shares of FactSet Research Systems by 2.8% in the third quarter. Wells Fargo & Company MN now owns 1,975,453 shares of the company’s stock worth $320,220,000 after buying an additional 54,241 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of FactSet Research Systems by 4.2% in the third quarter. BlackRock Fund Advisors now owns 1,546,597 shares of the company’s stock worth $250,703,000 after buying an additional 61,756 shares during the period. 93.10% 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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