FactSet Research Systems Inc. (NYSE:FDS) Receives Average Rating of “Hold” from Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS – Get Rating) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $447.13.

A number of research firms have weighed in on FDS. SpectralCast reiterated an “initiates” rating on shares of FactSet Research Systems in a research note on Tuesday, May 9th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 24th. Stifel Nicolaus cut their price objective on FactSet Research Systems from $415.00 to $408.00 and set a “hold” rating on the stock in a report on Friday, March 24th. Deutsche Bank Aktiengesellschaft decreased their target price on FactSet Research Systems from $477.00 to $454.00 and set a “buy” rating for the company in a research report on Friday, March 24th. Finally, StockNews.com started coverage on FactSet Research Systems in a research note on Thursday, March 16th. They set a “hold” rating for the company.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 311 shares of the business’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $409.30, for a total value of $127,292.30. Following the completion of the sale, the chief accounting officer now directly owns 106 shares of the company’s stock, valued at $43,385.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Jonathan Reeve sold 783 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $404.82, for a total transaction of $316,974.06. Following the completion of the sale, the executive vice president now owns 92 shares in the company, valued at approximately $37,243.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Gregory T. Moskoff sold 311 shares of the company’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $409.30, for a total transaction of $127,292.30. Following the completion of the transaction, the chief accounting officer now directly owns 106 shares in the company, valued at $43,385.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,537 shares of company stock worth $6,404,608 over the last quarter. 0.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds have recently bought and sold shares of FDS. Accurate Wealth Management LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter valued at about $27,000. Clear Street Markets LLC grew its holdings in FactSet Research Systems by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after acquiring an additional 37 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of FactSet Research Systems during the second quarter worth $32,000. Baldwin Brothers LLC MA bought a new position in shares of FactSet Research Systems during the fourth quarter worth $34,000. Finally, CoreCap Advisors LLC bought a new stake in FactSet Research Systems in the 4th quarter valued at $34,000. 89.98% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Trading Down 0.5 %

Shares of FactSet Research Systems stock opened at $398.36 on Monday. The company’s 50-day moving average price is $407.49 and its 200-day moving average price is $419.80. The company has a market cap of $15.26 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.77 and a beta of 0.83. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.08. FactSet Research Systems has a 12-month low of $345.92 and a 12-month high of $474.13.

FactSet Research Systems (NYSE:FDS – Get Rating) last announced its quarterly earnings data on Thursday, March 23rd. The business services provider reported $3.80 EPS for the quarter, beating the consensus estimate of $3.65 by $0.15. The business had revenue of $515.10 million during the quarter, compared to analyst estimates of $510.79 million. FactSet Research Systems had a return on equity of 40.18% and a net margin of 22.30%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.27 earnings per share. On average, equities analysts expect that FactSet Research Systems will post 14.63 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be given a $0.98 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.89. FactSet Research Systems’s payout ratio is currently 34.03%.

About FactSet Research Systems

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FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.