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

FactSet Research Systems Inc. (NYSE:FDS) has earned an average recommendation of “Reduce” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $444.25.

Several equities analysts have recently commented on the company. BMO Capital Markets upped their price target on FactSet Research Systems from $448.00 to $452.00 and gave the company a “market perform” rating in a research note on Friday, June 20th. Evercore ISI cut their price objective on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating on the stock in a report on Monday, June 16th. Morgan Stanley boosted their price objective on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Wells Fargo & Company boosted their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Finally, Raymond James Financial upgraded FactSet Research Systems from an “underperform” rating to a “market perform” rating in a report on Thursday, June 26th.

Insider Buying and Selling

In other news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the transaction, the chief accounting officer owned 44 shares of the company’s stock, valued at approximately $19,474.40. This represents a 98.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Mcgonigle sold 2,925 shares of the business’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $451.39, for a total value of $1,320,315.75. Following the transaction, the director owned 4,461 shares in the company, valued at $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SouthState Corp lifted its stake in FactSet Research Systems by 1,400.0% in the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of FactSet Research Systems in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock worth $39,000 after purchasing an additional 84 shares during the last quarter. WPG Advisers LLC acquired a new position in FactSet Research Systems during the first quarter worth $41,000. Finally, American National Bank & Trust acquired a new stake in FactSet Research Systems in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance

Shares of NYSE FDS opened at $417.36 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $15.78 billion, a PE ratio of 30.16, a P/E/G ratio of 2.76 and a beta of 0.84. The business has a 50-day simple moving average of $444.72 and a two-hundred day simple moving average of $445.71. FactSet Research Systems has a fifty-two week low of $391.69 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing the consensus estimate of $4.30 by ($0.03). The company had revenue of $585.52 million for 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%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.37 earnings per share. As a group, equities analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio (DPR) is 31.79%.

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.