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

Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned a consensus rating of “Reduce” from the fifteen research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $350.10.

FDS has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on FactSet Research Systems from $355.00 to $296.00 and set an “underweight” rating on the stock in a report on Friday, September 19th. BMO Capital Markets lowered their price target on FactSet Research Systems from $452.00 to $324.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Morgan Stanley dropped their price target on shares of FactSet Research Systems from $393.00 to $293.00 and set an “underweight” rating on the stock in a research note on Friday, September 19th. Stifel Nicolaus reduced their price objective on shares of FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a research note on Friday, September 19th. Finally, Zacks Research cut shares of FactSet Research Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 23rd.

FactSet Research Systems Trading Down 2.0%

Shares of NYSE FDS opened at $271.49 on Tuesday. FactSet Research Systems has a 1 year low of $250.50 and a 1 year high of $496.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a 50-day moving average of $281.82 and a 200 day moving average of $370.05. The stock has a market cap of $10.16 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.73 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). FactSet Research Systems had a return on equity of 31.06% and a net margin of 25.72%.The business had revenue of $596.90 million during the quarter, compared to analysts’ expectations of $593.32 million. During the same quarter last year, the company posted $3.74 EPS. FactSet Research Systems’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, November 28th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 28th. FactSet Research Systems’s payout ratio is presently 28.30%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, EVP Helen L. Shan acquired 370 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were bought at an average cost of $275.48 per share, with a total value of $101,927.60. Following the completion of the transaction, the executive vice president directly owned 9,284 shares of the company’s stock, valued at approximately $2,557,556.32. This represents a 4.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Mcloughlin acquired 338 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, September 23rd. The stock was acquired at an average price of $296.19 per share, with a total value of $100,112.22. Following the completion of the acquisition, the insider directly owned 3,446 shares in the company, valued at $1,020,670.74. This represents a 10.88% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 1,208 shares of company stock worth $328,505. Insiders own 1.20% of the company’s stock.

Institutional Trading of FactSet Research Systems

Institutional investors have recently made changes to their positions in the stock. SouthState Corp raised its holdings in shares of FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in FactSet Research Systems by 4,200.0% in the 1st 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 period. Cullen Frost Bankers Inc. raised its stake in FactSet Research Systems by 4,300.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 88 shares of the business services provider’s stock valued at $39,000 after buying an additional 86 shares during the last quarter. First Horizon Corp bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at $25,000. Finally, WPG Advisers LLC bought a new position in shares of FactSet Research Systems during the 1st quarter valued at $41,000. Hedge funds and other 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.