Analysts Set FactSet Research Systems Inc. (NYSE:FDS) Target Price at $442.70

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Reduce” from the eleven research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $442.70.

A number of brokerages have recently issued reports on FDS. Barclays reiterated an “equal weight” rating and issued a $460.00 price target (down previously from $480.00) on shares of FactSet Research Systems in a report on Friday, March 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a report on Friday, March 22nd. Wolfe Research assumed coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research report on Monday, March 25th.

Insiders Place Their Bets

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 330 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the transaction, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $415.26, for a total value of $1,245,780.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,363,082.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Gregory T. Moskoff sold 330 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $419.50, for a total transaction of $138,435.00. Following the transaction, the chief accounting officer now directly owns 72 shares of the company’s stock, valued at approximately $30,204. The disclosure for this sale can be found here. Insiders have sold 6,330 shares of company stock valued at $2,740,515 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

Several institutional investors have recently made changes to their positions in FDS. IFP Advisors Inc grew its holdings in shares of FactSet Research Systems by 71.4% during the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock worth $37,000 after purchasing an additional 35 shares during the period. SG Americas Securities LLC increased its position in shares of FactSet Research Systems by 133.2% in the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after acquiring an additional 2,646 shares in the last quarter. Czech National Bank raised its stake in shares of FactSet Research Systems by 47.0% in the 3rd quarter. Czech National Bank now owns 6,667 shares of the business services provider’s stock valued at $2,915,000 after acquiring an additional 2,131 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of FactSet Research Systems by 4.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,651 shares of the business services provider’s stock valued at $3,345,000 after acquiring an additional 300 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in FactSet Research Systems by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 84,758 shares of the business services provider’s stock worth $37,062,000 after purchasing an additional 242 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Performance

NYSE FDS opened at $419.57 on Monday. The stock has a market capitalization of $15.99 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.60 and a beta of 0.72. The business’s 50 day moving average is $449.04 and its two-hundred day moving average is $454.60. FactSet Research Systems has a 12-month low of $380.96 and a 12-month high of $488.64. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million for the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Research analysts expect that FactSet Research Systems will post 15.83 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a yield of 0.93%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.04%.

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.