FactSet Research Systems Inc. (NYSE:FDS) Given Average Recommendation of “Reduce” by Analysts

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been assigned an average recommendation of “Reduce” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $442.70.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group upped their price objective on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. BMO Capital Markets upped their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a report on Monday, March 25th. Wolfe Research assumed coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective on the stock. Finally, Oppenheimer reiterated a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd.

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $421.47 on Monday. The firm has a market cap of $16.07 billion, a PE ratio of 33.37, a P/E/G ratio of 2.59 and a beta of 0.72. FactSet Research Systems has a 12 month low of $380.96 and a 12 month high of $488.64. The company’s fifty day simple moving average is $450.55 and its 200-day simple moving average is $454.98. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The business had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a net margin of 22.72% and a return on equity of 34.36%. Equities research analysts expect that FactSet Research Systems will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio is 31.04%.

Insider Buying and Selling

In other news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of FactSet Research Systems by 6.5% in the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider’s stock valued at $179,000 after buying an additional 23 shares during the period. Drive Wealth Management LLC increased its position in FactSet Research Systems by 5.2% during the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 24 shares during the period. Global Retirement Partners LLC increased its position in FactSet Research Systems by 19.1% during the 1st quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 27 shares during the period. Procyon Advisors LLC increased its position in FactSet Research Systems by 0.4% during the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares during the period. Finally, Institutional & Family Asset Management LLC increased its position in FactSet Research Systems by 0.3% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider’s stock valued at $4,224,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

About FactSet Research Systems

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.