FactSet Research Systems (FDS) Hits New 1-Year High at $213.75
FactSet Research Systems Inc. (NYSE:FDS)’s share price reached a new 52-week high on Monday . The stock traded as high as $213.75 and last traded at $213.44, with a volume of 58135 shares trading hands. The stock had previously closed at $213.61.
Several equities analysts have weighed in on FDS shares. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. DA Davidson started coverage on shares of FactSet Research Systems in a report on Thursday, December 14th. They issued a “neutral” rating and a $174.00 target price on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $199.00 target price on shares of FactSet Research Systems in a report on Thursday, December 21st. Wells Fargo & Co set a $185.00 target price on shares of FactSet Research Systems and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Oppenheimer reiterated a “hold” rating on shares of FactSet Research Systems in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of “Hold” and a consensus price target of $186.08.
The company has a debt-to-equity ratio of 0.93, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market cap of $8,290.00, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.32 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th will be issued a $0.56 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.24 annualized dividend and a dividend yield of 1.05%. FactSet Research Systems’s dividend payout ratio is currently 33.84%.
In other news, COO Mark J. Hale sold 48,001 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $198.43, for a total value of $9,524,838.43. Following the transaction, the chief operating officer now directly owns 6,268 shares in the company, valued at approximately $1,243,759.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $192.70, for a total transaction of $269,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,406 shares of company stock worth $10,957,561. Company insiders own 2.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in FactSet Research Systems by 96.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,435 shares of the business services provider’s stock worth $1,048,000 after buying an additional 2,672 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $569,000. Envestnet Asset Management Inc. lifted its holdings in FactSet Research Systems by 9.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,111 shares of the business services provider’s stock worth $3,683,000 after buying an additional 1,688 shares in the last quarter. We Are One Seven LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $374,000. Finally, Dumont & Blake Investment Advisors LLC acquired a new stake in FactSet Research Systems during the 4th quarter worth approximately $208,000. Institutional investors own 95.99% of the company’s stock.
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About FactSet Research Systems
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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