FactSet Research Systems (NYSE:FDS) Given New $448.00 Price Target at Evercore ISI

FactSet Research Systems (NYSE:FDS) had its target price lowered by Evercore ISI from $470.00 to $448.00 in a research report sent to investors on Monday,Benzinga reports. Evercore ISI currently has an in-line rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group decreased their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a report on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 3rd. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Finally, Morgan Stanley lowered their price target on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $445.25.

FactSet Research Systems Stock Up 0.3%

FDS stock opened at $421.28 on Monday. The stock has a market cap of $15.99 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The firm’s 50-day simple moving average is $440.17 and its 200 day simple moving average is $453.33. FactSet Research Systems has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $570.65 million. During the same period in the previous year, the firm posted $4.22 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, May 30th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 1.04%. FactSet Research Systems’s payout ratio is presently 31.29%.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total value of $157,443.99. Following the completion of the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in FactSet Research Systems by 40,436.2% in the 1st quarter. GAMMA Investing LLC now owns 430,089 shares of the business services provider’s stock worth $195,536,000 after purchasing an additional 429,028 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $69,128,000. Point72 Asset Management L.P. bought a new position in shares of FactSet Research Systems in the fourth quarter valued at approximately $66,368,000. Vanguard Group Inc. lifted its stake in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,795,354 shares of the business services provider’s stock worth $2,180,160,000 after buying an additional 137,874 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of FactSet Research Systems during the 1st quarter worth $54,148,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

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.