FactSet Research Systems (NYSE:FDS) Price Target Cut to $378.00 by Analysts at Jefferies Financial Group

FactSet Research Systems (NYSE:FDSFree Report) had its price objective cut by Jefferies Financial Group from $455.00 to $378.00 in a report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other brokerages have also recently commented on FDS. Royal Bank of Canada reissued a sector perform rating and set a $464.00 target price on shares of FactSet Research Systems in a report on Friday, March 22nd. Stifel Nicolaus restated a hold rating and issued a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets increased their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a market perform rating in a research report on Monday, March 25th. Oppenheimer reissued a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Finally, Barclays reissued an equal weight rating and set a $460.00 target price (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $431.50.

Get Our Latest Research Report on FactSet Research Systems

FactSet Research Systems Stock Performance

Shares of FDS stock opened at $401.12 on Wednesday. The stock has a market cap of $15.29 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.58 and a beta of 0.74. The business has a 50-day simple moving average of $431.76 and a 200-day simple moving average of $452.60. 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 has a 52-week low of $385.27 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities analysts expect that FactSet Research Systems will post 15.81 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, May 31st will be issued a $1.04 dividend. The ex-dividend date is Friday, May 31st. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.98. This represents a $4.16 dividend on an annualized basis and a yield of 1.04%. FactSet Research Systems’s dividend payout ratio (DPR) is 32.94%.

Insider Activity at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The stock was 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 directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The stock was 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 directly owns 12,915 shares in the company, valued at $5,838,871.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Goran Skoko sold 6,215 shares of FactSet Research Systems stock in a transaction on Friday, May 10th. The shares were sold at an average price of $436.40, for a total value of $2,712,226.00. Following the completion of the transaction, the executive vice president now owns 5,262 shares of the company’s stock, valued at $2,296,336.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,987 shares of company stock worth $10,283,347. Company insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of institutional investors have recently bought and sold shares of FDS. Massachusetts Financial Services Co. MA lifted its holdings in FactSet Research Systems by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 347,978 shares of the business services provider’s stock worth $152,157,000 after buying an additional 27,624 shares during the last quarter. Gabelli Funds LLC purchased a new stake in FactSet Research Systems during the 3rd quarter worth about $262,000. Charles Schwab Investment Management Inc. lifted its holdings in FactSet Research Systems by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 346,901 shares of the business services provider’s stock worth $151,686,000 after buying an additional 4,533 shares during the last quarter. Burney Co. lifted its holdings in FactSet Research Systems by 64.1% during the 3rd quarter. Burney Co. now owns 2,574 shares of the business services provider’s stock worth $1,126,000 after buying an additional 1,005 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of FactSet Research Systems by 3.4% during the third quarter. Van ECK Associates Corp now owns 4,707 shares of the business services provider’s stock worth $2,058,000 after purchasing an additional 155 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

(Get Free Report)

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.

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