FactSet Research Systems Inc. (NYSE:FDS) has been assigned a $161.00 price target by equities researchers at Morgan Stanley in a research note issued on Wednesday. The brokerage currently has a a “hold” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 2.03% from the stock’s current price.
Several other brokerages also recently issued reports on FDS. Zacks Investment Research downgraded shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Macquarie began coverage on shares of FactSet Research Systems in a research note on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price objective on the stock. Barclays PLC raised their price objective on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Bank of America Corp. set a $185.00 price objective on shares of FactSet Research Systems and gave the stock a “hold” rating in a research note on Thursday, September 15th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of FactSet Research Systems in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $170.22.
FactSet Research Systems (NYSE:FDS) traded down 1.17% during mid-day trading on Wednesday, hitting $162.42. 1,027,592 shares of the company were exchanged. FactSet Research Systems has a 12-month low of $135.95 and a 12-month high of $183.17. The stock’s 50 day moving average is $176.49 and its 200-day moving average is $162.30. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 26.37 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $0.01. The company earned $287.30 million during the quarter. FactSet Research Systems had a return on equity of 47.11% and a net margin of 23.30%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. Equities research analysts predict that FactSet Research Systems will post $6.40 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Wednesday, August 31st were issued a $0.50 dividend. The ex-dividend date was Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. FactSet Research Systems’s dividend payout ratio is 32.47%.
In related news, VP Matthew J. Mcnulty sold 1,000 shares of FactSet Research Systems stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $167.50, for a total value of $167,500.00. Following the completion of the transaction, the vice president now directly owns 3,016 shares of the company’s stock, valued at $505,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in FactSet Research Systems by 4.9% in the first quarter. Wellington Management Group LLP now owns 1,307,959 shares of the company’s stock worth $198,195,000 after buying an additional 61,270 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in FactSet Research Systems by 13.1% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,079,048 shares of the company’s stock worth $163,508,000 after buying an additional 125,038 shares in the last quarter. Prudential Financial Inc. boosted its position in FactSet Research Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 25,599 shares of the company’s stock worth $3,879,000 after buying an additional 230 shares in the last quarter. BlackRock Group LTD boosted its position in FactSet Research Systems by 18.7% in the first quarter. BlackRock Group LTD now owns 42,737 shares of the company’s stock worth $6,476,000 after buying an additional 6,728 shares in the last quarter. Finally, State Street Corp boosted its position in FactSet Research Systems by 0.6% in the first quarter. State Street Corp now owns 1,069,984 shares of the company’s stock worth $162,130,000 after buying an additional 6,153 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.
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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