Oppenheimer Reaffirms “Hold” Rating for FactSet Research Systems (FDS)

Oppenheimer reiterated their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a research report released on Tuesday, December 19th. Oppenheimer also issued estimates for FactSet Research Systems’ Q2 2018 earnings at $2.04 EPS, Q3 2018 earnings at $2.09 EPS, Q4 2018 earnings at $2.18 EPS, FY2018 earnings at $8.35 EPS, Q2 2019 earnings at $2.27 EPS, Q3 2019 earnings at $2.33 EPS, Q4 2019 earnings at $2.43 EPS and FY2019 earnings at $9.25 EPS.

A number of other analysts also recently commented on FDS. Morgan Stanley restated an equal weight rating and issued a $166.00 target price (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Barclays upped their target price on FactSet Research Systems from $164.00 to $175.00 and gave the stock an underweight rating in a research note on Wednesday, September 27th. Bank of America restated a neutral rating and issued a $192.00 target price (up previously from $180.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a hold rating and set a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Finally, Credit Suisse Group reiterated an outperform rating and set a $200.00 price target (up previously from $190.00) on shares of FactSet Research Systems in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $183.46.

Shares of FactSet Research Systems (NYSE FDS) traded up $0.75 during mid-day trading on Tuesday, hitting $197.75. The stock had a trading volume of 354,300 shares, compared to its average volume of 444,455. The company has a quick ratio of 2.04, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7,687.71, a price-to-earnings ratio of 29.83, a PEG ratio of 2.24 and a beta of 0.97. FactSet Research Systems has a fifty-two week low of $155.09 and a fifty-two week high of $207.25.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, December 19th. The business services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.06. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The firm had revenue of $329.10 million for the quarter, compared to the consensus estimate of $330.49 million. During the same quarter in the prior year, the business earned $1.75 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. equities analysts expect that FactSet Research Systems will post 8.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th were given a $0.56 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.24 annualized dividend and a dividend yield of 1.13%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.79%.

In related news, VP Matthew J. Mcnulty sold 1,400 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $192.70, for a total value of $269,780.00. Following the completion of the sale, the vice president now owns 3,248 shares of the company’s stock, valued at $625,889.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James J. Mcgonigle sold 1,186 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $193.92, for a total value of $229,989.12. Following the completion of the sale, the director now directly owns 22,754 shares of the company’s stock, valued at approximately $4,412,455.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,405 shares of company stock worth $1,234,723. Company insiders own 2.70% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Tandem Investment Advisors Inc. increased its holdings in shares of FactSet Research Systems by 1.0% in the fourth quarter. Tandem Investment Advisors Inc. now owns 64,557 shares of the business services provider’s stock valued at $12,444,000 after purchasing an additional 620 shares during the last quarter. Institutional & Family Asset Management LLC increased its holdings in shares of FactSet Research Systems by 1.5% in the third quarter. Institutional & Family Asset Management LLC now owns 18,024 shares of the business services provider’s stock valued at $3,246,000 after purchasing an additional 259 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of FactSet Research Systems in the third quarter valued at approximately $513,000. Visionary Asset Management Inc. acquired a new stake in FactSet Research Systems during the third quarter worth $205,000. Finally, GSA Capital Partners LLP acquired a new stake in FactSet Research Systems during the third quarter worth $248,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

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FactSet Research Systems Company Profile

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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