Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $193.55.
Several research analysts recently issued reports on the company. ValuEngine raised FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Wells Fargo & Co increased their price objective on FactSet Research Systems from $185.00 to $190.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 27th. Zacks Investment Research cut FactSet Research Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. Cantor Fitzgerald reissued a “hold” rating and issued a $203.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, June 26th. Finally, Stifel Nicolaus increased their price objective on FactSet Research Systems from $184.00 to $188.00 and gave the stock a “hold” rating in a research note on Wednesday, June 27th.
Shares of FactSet Research Systems opened at $199.25 on Monday, Marketbeat reports. FactSet Research Systems has a 52-week low of $155.09 and a 52-week high of $217.36. The company has a market capitalization of $7.78 billion, a P/E ratio of 24.18, a PEG ratio of 2.20 and a beta of 0.99. The company has a current ratio of 2.17, a quick ratio of 2.53 and a debt-to-equity ratio of 1.07.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, June 26th. The business services provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.05. FactSet Research Systems had a return on equity of 55.91% and a net margin of 19.37%. The company had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $339.65 million. During the same quarter in the prior year, the firm earned $1.85 earnings per share. FactSet Research Systems’s revenue was up 8.9% compared to the same quarter last year. equities research analysts predict that FactSet Research Systems will post 8.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 19th. Shareholders of record on Thursday, May 31st were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $2.56 dividend on an annualized basis and a yield of 1.28%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.56. FactSet Research Systems’s dividend payout ratio is currently 35.02%.
FactSet Research Systems announced that its board has authorized a share repurchase program on Tuesday, March 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, CFO Maurizio Nicolelli sold 5,675 shares of the stock in a transaction on Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the sale, the chief financial officer now owns 9,129 shares in the company, valued at approximately $1,807,542. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott A. Billeadeau sold 1,500 shares of the stock in a transaction on Friday, April 13th. The shares were sold at an average price of $197.55, for a total value of $296,325.00. Following the sale, the director now owns 500 shares of the company’s stock, valued at approximately $98,775. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of FDS. Rockefeller Capital Management L.P. purchased a new stake in shares of FactSet Research Systems during the 1st quarter valued at $28,761,000. Renaissance Technologies LLC lifted its holdings in shares of FactSet Research Systems by 171.4% during the 4th quarter. Renaissance Technologies LLC now owns 154,850 shares of the business services provider’s stock valued at $29,849,000 after purchasing an additional 97,800 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in shares of FactSet Research Systems by 8.5% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 1,235,701 shares of the business services provider’s stock valued at $246,423,000 after purchasing an additional 97,306 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of FactSet Research Systems by 2.3% during the 1st quarter. BlackRock Inc. now owns 3,326,919 shares of the business services provider’s stock valued at $663,454,000 after purchasing an additional 75,262 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in FactSet Research Systems by 5.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,093,043 shares of the business services provider’s stock worth $217,976,000 after acquiring an additional 60,151 shares during the last quarter. Hedge funds and other institutional investors own 91.18% of the company’s stock.
FactSet Research Systems 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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