FactSet Research Systems (NYSE:FDS) Price Target Raised to $485.00

FactSet Research Systems (NYSE:FDS) had its price objective boosted by UBS Group from $455.00 to $485.00 in a report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

FDS has been the subject of a number of other research reports. Jefferies Financial Group cut their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a research note on Wednesday, June 5th. Wells Fargo & Company raised FactSet Research Systems to a hold rating in a report on Tuesday, August 13th. Bank of America cut FactSet Research Systems from a neutral rating to an underperform rating and dropped their price target for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. Morgan Stanley lifted their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a research note on Monday, June 24th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $464.00 target price on shares of FactSet Research Systems in a research report on Monday, June 24th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $446.67.

FactSet Research Systems Stock Performance

Shares of NYSE FDS opened at $468.80 on Friday. The company has a market capitalization of $17.83 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The company’s fifty day moving average price is $422.47 and its 200 day moving average price is $428.08. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $488.64.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. FactSet Research Systems’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 EPS. On average, research analysts predict that FactSet Research Systems will post 16.28 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, August 30th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.37%.

Insider Buying and Selling at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,330,666.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 9,000 shares of company stock worth $3,714,960 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently bought and sold shares of the company. Verity & Verity LLC acquired a new position in FactSet Research Systems in the 2nd quarter valued at about $307,000. Sanctuary Advisors LLC acquired a new position in shares of FactSet Research Systems in the second quarter valued at approximately $9,733,000. Aristides Capital LLC purchased a new stake in FactSet Research Systems during the 2nd quarter worth approximately $1,225,000. Cetera Investment Advisers increased its stake in FactSet Research Systems by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock worth $2,364,000 after buying an additional 391 shares during the period. Finally, Quarry LP acquired a new stake in FactSet Research Systems during the 2nd quarter worth approximately $62,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.