FactSet Research Systems Inc. (FDS) Receives $170.64 Average Price Target from Brokerages
FactSet Research Systems Inc. (NYSE:FDS) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $170.64.
A number of equities research analysts have commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $169.00 price target (up from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Morgan Stanley reissued an “equal weight” rating and issued a $166.00 price target (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Credit Suisse Group restated an “outperform” rating and set a $200.00 price target (up previously from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Bank of America Corporation restated a “neutral” rating and set a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Barclays PLC upped their price objective on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th.
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FactSet Research Systems (NYSE:FDS) traded up 0.321% during midday trading on Friday, reaching $183.055. The company had a trading volume of 163,918 shares. The firm has a 50-day moving average of $163.46 and a 200 day moving average of $164.28. The company has a market capitalization of $7.18 billion, a P/E ratio of 21.345 and a beta of 0.98. FactSet Research Systems has a 1-year low of $150.95 and a 1-year high of $184.20.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million during the quarter, compared to analysts’ expectations of $325.26 million. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 EPS. On average, equities research analysts forecast that FactSet Research Systems will post $8.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is presently 34.36%.
In related news, COO Mark J. Hale sold 9,458 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $180.34, for a total value of $1,705,655.72. Following the transaction, the chief operating officer now owns 11,314 shares in the company, valued at approximately $2,040,366.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares in the company, valued at approximately $452,319. The disclosure for this sale can be found here. Insiders have sold 99,274 shares of company stock valued at $16,450,267 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in FactSet Research Systems by 12,692.2% during the 1st quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock valued at $519,669,000 after acquiring an additional 3,126,593 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of FactSet Research Systems by 288.3% in the second quarter. The Manufacturers Life Insurance Company now owns 497,418 shares of the business services provider’s stock worth $82,660,000 after acquiring an additional 369,323 shares during the period. Fiduciary Management Inc. WI acquired a new stake in shares of FactSet Research Systems in the second quarter worth $31,790,000. Junto Capital Management LP acquired a new stake in shares of FactSet Research Systems in the second quarter worth $20,424,000. Finally, Vanguard Group Inc. increased its stake in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock worth $586,142,000 after acquiring an additional 103,458 shares during the period. 93.72% of the stock is owned by institutional investors.
FactSet Research Systems Company Profile
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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