FactSet Research Systems (NYSE:FDS) Price Target Raised to $419.00 at Stifel Nicolaus

FactSet Research Systems (NYSE:FDS – Get Rating) had its price objective increased by Stifel Nicolaus from $408.00 to $419.00 in a research note published on Tuesday morning, The Fly reports.

Several other equities research analysts have also recently weighed in on FDS. StockNews.com began coverage on FactSet Research Systems in a research note on Thursday, May 18th. They issued a hold rating on the stock. Royal Bank of Canada restated an outperform rating and set a $500.00 price target on shares of FactSet Research Systems in a report on Friday, March 24th. Deutsche Bank Aktiengesellschaft dropped their target price on FactSet Research Systems from $477.00 to $454.00 and set a buy rating for the company in a report on Friday, March 24th. CICC Research assumed coverage on FactSet Research Systems in a research report on Friday, March 17th. They set an outperform rating for the company. Finally, Redburn Partners upgraded FactSet Research Systems from a sell rating to a neutral rating in a research note on Tuesday, March 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $445.78.

FactSet Research Systems Trading Down 2.3 %

NYSE FDS opened at $389.04 on Tuesday. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.71 and a beta of 0.83. FactSet Research Systems has a one year low of $345.92 and a one year high of $474.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.09 and a quick ratio of 2.09. The business’s fifty day moving average is $405.72 and its 200-day moving average is $418.49.

FactSet Research Systems (NYSE:FDS – Get Rating) last announced its quarterly earnings data on Thursday, March 23rd. The business services provider reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.15. The business had revenue of $515.10 million for the quarter, compared to analysts’ expectations of $510.79 million. FactSet Research Systems had a return on equity of 40.18% and a net margin of 22.30%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.27 EPS. Equities research analysts predict that FactSet Research Systems will post 14.63 EPS for the current year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.98 per share. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, May 30th. This represents a $3.92 annualized dividend and a yield of 1.01%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.90%.

Insiders Place Their Bets

In other news, EVP Jonathan Reeve sold 783 shares of FactSet Research Systems stock in a transaction on Friday, May 5th. The stock was sold at an average price of $404.82, for a total value of $316,974.06. Following the completion of the sale, the executive vice president now directly owns 92 shares of the company’s stock, valued at $37,243.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Jonathan Reeve sold 783 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $404.82, for a total transaction of $316,974.06. Following the completion of the transaction, the executive vice president now directly owns 92 shares of the company’s stock, valued at approximately $37,243.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $412.91, for a total value of $1,238,730.00. Following the sale, the chief executive officer now directly owns 8,247 shares of the company’s stock, valued at $3,405,268.77. The disclosure for this sale can be found here. Insiders sold a total of 15,537 shares of company stock valued at $6,404,608 over the last quarter. 0.97% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

Institutional investors and hedge funds have recently made changes to their positions in the company. Toroso Investments LLC acquired a new position in FactSet Research Systems in the 1st quarter valued at about $205,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter worth approximately $92,000. SkyView Investment Advisors LLC purchased a new stake in FactSet Research Systems in the 1st quarter valued at approximately $519,000. JPMorgan Chase & Co. lifted its stake in FactSet Research Systems by 6.7% in the 1st quarter. JPMorgan Chase & Co. now owns 509,941 shares of the business services provider’s stock valued at $211,672,000 after buying an additional 31,964 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of FactSet Research Systems by 342.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 92,092 shares of the business services provider’s stock worth $38,226,000 after purchasing an additional 71,300 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

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FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.