Shares of FactSet (NYSE:FDS) have been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $192.55.
Several equities research analysts have recently issued reports on FDS shares. Zacks Investment Research raised FactSet from a “hold” rating to a “buy” rating and set a $237.00 price objective for the company in a research note on Tuesday, March 20th. Cantor Fitzgerald raised their price objective on FactSet from $187.00 to $203.00 and gave the company a “neutral” rating in a research note on Wednesday, March 28th. DA Davidson raised their price objective on FactSet to $185.00 and gave the company a “neutral” rating in a research note on Thursday, March 15th. Morgan Stanley raised their price objective on FactSet from $186.00 to $192.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 28th. Finally, UBS raised their price objective on FactSet from $179.00 to $184.00 and gave the company a “sell” rating in a research note on Wednesday, March 28th.
Shares of NYSE:FDS traded up $0.08 during trading on Friday, hitting $197.62. The company had a trading volume of 211,669 shares, compared to its average volume of 323,468. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.06 and a beta of 0.96. FactSet has a one year low of $155.09 and a one year high of $217.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.53 and a quick ratio of 2.53.
FactSet (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.06. The business had revenue of $335.20 million during the quarter, compared to analyst estimates of $333.78 million. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $1.81 EPS. analysts expect that FactSet will post 8.48 earnings per share for the current fiscal year.
FactSet announced that its Board of Directors has initiated a share buyback program on Tuesday, March 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 3.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Thursday, May 31st will be paid a dividend of $0.64 per share. This is a positive change from FactSet’s previous quarterly dividend of $0.56. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, May 30th. FactSet’s dividend payout ratio (DPR) is currently 30.64%.
In other FactSet news, Director Scott A. Billeadeau sold 1,500 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $197.55, for a total transaction of $296,325.00. Following the transaction, the director now directly owns 500 shares in the company, valued at approximately $98,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maurizio Nicolelli sold 5,675 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $198.00, for a total value of $1,123,650.00. Following the transaction, the chief financial officer now owns 9,129 shares in the company, valued at $1,807,542. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fiera Capital Corp increased its holdings in FactSet by 4.8% during the 1st quarter. Fiera Capital Corp now owns 349,478 shares of the business services provider’s stock worth $69,693,000 after purchasing an additional 15,868 shares during the period. Fiduciary Management Inc. WI increased its holdings in FactSet by 1.0% during the 1st quarter. Fiduciary Management Inc. WI now owns 249,401 shares of the business services provider’s stock worth $49,736,000 after purchasing an additional 2,356 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in FactSet during the 1st quarter worth $6,641,000. Quadrature Capital Ltd purchased a new position in FactSet during the 1st quarter worth $479,000. Finally, Stifel Financial Corp increased its holdings in FactSet by 5.4% during the 1st quarter. Stifel Financial Corp now owns 28,606 shares of the business services provider’s stock worth $5,716,000 after purchasing an additional 1,453 shares during the period. Institutional investors own 95.68% of the company’s stock.
FactSet Company Profile
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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