FactSet Research Systems Inc. (NYSE:FDS) Receives $253.00 Consensus Target Price from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $253.00.

FDS has been the subject of several research analyst reports. Barclays reaffirmed a “hold” rating and set a $275.00 price target on shares of FactSet Research Systems in a research note on Monday, May 6th. Morgan Stanley downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $264.00 to $263.00 in a research note on Tuesday, July 16th. DA Davidson lifted their price target on shares of FactSet Research Systems from $214.00 to $252.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. UBS Group lifted their price target on shares of FactSet Research Systems from $212.00 to $233.00 and gave the company a “sell” rating in a research note on Wednesday, June 26th. Finally, Bank of America lifted their price target on shares of FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th.

In related news, insider Brian G. Daly sold 473 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $294.17, for a total value of $139,142.41. Following the completion of the transaction, the insider now owns 735 shares of the company’s stock, valued at $216,214.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick Philip Snow sold 1,186 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $278.41, for a total transaction of $330,194.26. Following the completion of the transaction, the chief executive officer now directly owns 4,980 shares of the company’s stock, valued at approximately $1,386,481.80. The disclosure for this sale can be found here. Insiders sold 74,314 shares of company stock valued at $21,474,848 in the last three months. 2.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Kavar Capital Partners LLC bought a new position in FactSet Research Systems in the second quarter worth approximately $37,000. Coastal Investment Advisors Inc. grew its holdings in FactSet Research Systems by 23.3% in the second quarter. Coastal Investment Advisors Inc. now owns 238 shares of the business services provider’s stock worth $68,000 after purchasing an additional 45 shares during the last quarter. Global Retirement Partners LLC grew its holdings in FactSet Research Systems by 30.2% in the first quarter. Global Retirement Partners LLC now owns 259 shares of the business services provider’s stock worth $64,000 after purchasing an additional 60 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in FactSet Research Systems by 22.1% in the second quarter. Altshuler Shaham Ltd now owns 265 shares of the business services provider’s stock worth $208,000 after purchasing an additional 48 shares during the last quarter. Finally, FTB Advisors Inc. grew its holdings in FactSet Research Systems by 87.0% in the second quarter. FTB Advisors Inc. now owns 316 shares of the business services provider’s stock worth $90,000 after purchasing an additional 147 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

NYSE FDS traded down $3.23 during trading on Tuesday, hitting $278.30. The stock had a trading volume of 195,176 shares, compared to its average volume of 350,195. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.87 and a quick ratio of 2.87. The stock has a market cap of $10.77 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 2.94 and a beta of 1.00. FactSet Research Systems has a one year low of $188.31 and a one year high of $305.38. The firm’s 50 day moving average price is $286.09.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million during the quarter, compared to the consensus estimate of $359.25 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 64.19%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.18 earnings per share. On average, sell-side analysts expect that FactSet Research Systems will post 9.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.03%. FactSet Research Systems’s dividend payout ratio (DPR) is 33.76%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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