FactSet Research Systems (NYSE:FDS) had its price objective boosted by Wells Fargo & Co from $185.00 to $190.00 in a research note issued to investors on Wednesday. Wells Fargo & Co currently has a market perform rating on the business services provider’s stock.
Several other equities analysts also recently issued reports on the company. ValuEngine downgraded FactSet Research Systems from a buy rating to a hold rating in a research report on Wednesday. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $184.00 to $188.00 and gave the company a hold rating in a research report on Wednesday. Cantor Fitzgerald reiterated a hold rating and issued a $203.00 price objective on shares of FactSet Research Systems in a research report on Tuesday. Zacks Investment Research downgraded FactSet Research Systems from a buy rating to a hold rating in a research report on Wednesday, June 20th. Finally, Morgan Stanley lifted their price objective on FactSet Research Systems from $192.00 to $194.00 and gave the company an equal weight rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $197.00.
FactSet Research Systems stock opened at $198.10 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.17 and a debt-to-equity ratio of 1.07. The company has a market cap of $7.71 billion, a P/E ratio of 27.10, a P/E/G ratio of 2.18 and a beta of 0.97. FactSet Research Systems has a one year low of $155.09 and a one year high of $217.36.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, June 26th. The business services provider reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.05. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $339.65 million. FactSet Research Systems had a return on equity of 55.91% and a net margin of 19.37%. FactSet Research Systems’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. equities research analysts forecast that FactSet Research Systems will post 8.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 19th. Stockholders of record on Thursday, May 31st were paid a $0.64 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $0.56. This represents a $2.56 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, May 30th. FactSet Research Systems’s dividend payout ratio (DPR) is 35.02%.
FactSet Research Systems announced that its board has approved a stock buyback plan on Tuesday, March 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
In other news, Director Scott A. Billeadeau sold 1,500 shares of FactSet Research Systems stock in a transaction on Friday, April 13th. The stock was sold at an average price of $197.55, for a total value of $296,325.00. Following the completion of the sale, the director now directly owns 500 shares of the company’s stock, valued at approximately $98,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 5,675 shares of FactSet Research Systems stock in a transaction on Friday, April 13th. The shares were sold at an average price of $198.00, for a total value of $1,123,650.00. Following the completion of the sale, the chief financial officer now directly owns 9,129 shares of the company’s stock, 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.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Birch Hill Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at $202,000. Lake Street Advisors Group LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at $205,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at $208,000. Mission Wealth Management LP acquired a new stake in shares of FactSet Research Systems in the 1st quarter valued at $217,000. Finally, Koch Industries Inc. acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at $222,000. 91.18% of the stock is owned by institutional investors.
About FactSet Research Systems
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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