FactSet (NYSE:FDS) had its price target increased by DA Davidson to $185.00 in a report published on Thursday, March 15th. DA Davidson currently has a neutral rating on the business services provider’s stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of FactSet from a hold rating to a buy rating and set a $220.00 target price on the stock in a report on Tuesday, November 28th. Morgan Stanley raised their price target on shares of FactSet from $179.00 to $186.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Piper Jaffray reiterated a hold rating and set a $199.00 target price on shares of FactSet in a research report on Thursday, December 21st. Wells Fargo set a $185.00 target price on shares of FactSet and gave the company a hold rating in a research report on Wednesday, December 20th. Finally, Oppenheimer reissued a hold rating on shares of FactSet in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $192.00.
Shares of NYSE:FDS opened at $193.65 on Thursday. FactSet has a 1-year low of $155.09 and a 1-year high of $217.36. The company has a quick ratio of 2.64, a current ratio of 2.53 and a debt-to-equity ratio of 0.94. The company has a market cap of $7,677.95, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95.
FactSet (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.06. The firm had revenue of $335.20 million during the quarter, compared to analyst estimates of $333.78 million. FactSet had a net margin of 19.07% and a return on equity of 54.00%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. sell-side analysts anticipate that FactSet will post 8.48 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, February 27th. FactSet’s dividend payout ratio (DPR) is presently 30.64%.
FactSet declared that its board has authorized a stock buyback plan on Tuesday, March 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, VP Matthew J. Mcnulty sold 1,000 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $198.00, for a total value of $198,000.00. Following the transaction, the vice president now directly owns 2,848 shares of the company’s stock, valued at $563,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mark J. Hale sold 48,001 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $198.43, for a total transaction of $9,524,838.43. Following the completion of the transaction, the chief operating officer now owns 6,268 shares in the company, valued at $1,243,759.24. The disclosure for this sale can be found here. Insiders sold 50,187 shares of company stock valued at $9,952,828 in the last quarter. Corporate insiders own 2.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in FactSet by 2.9% during the fourth quarter. BlackRock Inc. now owns 3,251,657 shares of the business services provider’s stock worth $626,790,000 after buying an additional 91,419 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of FactSet by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after purchasing an additional 9,070 shares in the last quarter. Investec Asset Management LTD boosted its stake in shares of FactSet by 73.2% in the 4th quarter. Investec Asset Management LTD now owns 1,091,761 shares of the business services provider’s stock valued at $210,448,000 after purchasing an additional 461,518 shares in the last quarter. Bares Capital Management Inc. boosted its stake in shares of FactSet by 9.7% in the 3rd quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after purchasing an additional 59,249 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of FactSet by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 477,371 shares of the business services provider’s stock valued at $85,979,000 after purchasing an additional 1,740 shares in the last quarter. Hedge funds and other institutional investors own 95.98% of the company’s stock.
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FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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