FactSet Research Systems (NYSE:FDS) Rating Increased to Market Perform at Raymond James Financial

Raymond James Financial upgraded shares of FactSet Research Systems (NYSE:FDS) from an underperform rating to a market perform rating in a report published on Thursday morning, Marketbeat reports.

Several other equities research analysts have also recently issued reports on FDS. Evercore ISI decreased their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a research note on Monday, June 16th. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research note on Friday, June 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th. BMO Capital Markets lifted their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research note on Friday, June 20th. Finally, UBS Group reissued a “neutral” rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, FactSet Research Systems has an average rating of “Hold” and an average target price of $444.25.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $437.61 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $440.67 and its 200 day moving average price is $450.89. FactSet Research Systems has a 52 week low of $391.69 and a 52 week high of $499.87. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.87 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to analysts’ expectations of $580.70 million. FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. FactSet Research Systems’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.37 EPS. As a group, research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Friday, May 30th. FactSet Research Systems’s payout ratio is currently 31.29%.

Institutional Trading of FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in FactSet Research Systems by 3.0% during 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 period. Geode Capital Management LLC boosted its position in FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 528,045 shares of the business services provider’s stock valued at $240,070,000 after purchasing an additional 22,458 shares in the last quarter. JPMorgan Chase & Co. raised its position in FactSet Research Systems by 0.9% in the first quarter. JPMorgan Chase & Co. now owns 505,761 shares of the business services provider’s stock valued at $229,940,000 after purchasing an additional 4,693 shares during the period. Finally, Invesco Ltd. raised its position in FactSet Research Systems by 7.6% in the first quarter. Invesco Ltd. now owns 490,698 shares of the business services provider’s stock valued at $223,091,000 after purchasing an additional 34,549 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.