Goldman Sachs Group Inc. restated their sell rating on shares of FactSet Research Systems Inc. (NYSE:FDS) in a research note issued to investors on Friday. Goldman Sachs Group Inc. currently has a $125.00 price objective on the stock, up from their previous price objective of $124.00.
FDS has been the subject of a number of other reports. Raymond James Financial Inc. cut FactSet Research Systems from a market perform rating to an underperform rating in a report on Tuesday, September 27th. Barclays PLC upped their price objective on FactSet Research Systems from $160.00 to $175.00 and gave the stock an equal weight rating in a report on Tuesday, August 23rd. Cantor Fitzgerald reiterated a hold rating on shares of FactSet Research Systems in a report on Friday, August 19th. Morgan Stanley set a $161.00 price objective on FactSet Research Systems and gave the stock a hold rating in a report on Wednesday, September 28th. Finally, Bank of America Corp. set a $185.00 price objective on FactSet Research Systems and gave the stock a hold rating in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. FactSet Research Systems has a consensus rating of Hold and a consensus target price of $169.67.
Shares of FactSet Research Systems (NYSE:FDS) opened at 157.98 on Friday. The firm has a market cap of $6.32 billion, a PE ratio of 19.29 and a beta of 0.78. The company’s 50-day moving average price is $174.69 and its 200 day moving average price is $162.66. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by $0.01. FactSet Research Systems had a return on equity of 48.65% and a net margin of 30.06%. The firm earned $287.30 million during the quarter. During the same period in the prior year, the firm earned $1.48 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that FactSet Research Systems will post $7.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Monday, August 29th. FactSet Research Systems’s payout ratio is 24.30%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $167.50, for a total transaction of $167,500.00. Following the completion of the transaction, the vice president now owns 3,016 shares of the company’s stock, valued at approximately $505,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDS. Penserra Capital Management LLC increased its position in FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock worth $115,000 after buying an additional 195 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the period. Glenmede Trust Co. NA increased its position in FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the period. Southeast Asset Advisors Inc. purchased a new position in FactSet Research Systems during the second quarter worth $202,000. Finally, Wesbanco Bank Inc. purchased a new position in FactSet Research Systems during the second quarter worth $208,000. 92.87% of the stock is owned by institutional investors and hedge funds.
FactSet Research Systems Company Profile
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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