Analysts Set FactSet Research Systems Inc. (FDS) PT at $179.09

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $179.09.

A number of equities research analysts have weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $166.00 price objective (up previously from $157.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Barclays increased their target price on FactSet Research Systems from $164.00 to $175.00 and gave the stock an “underweight” rating in a report on Wednesday, September 27th. Bank of America reaffirmed a “neutral” rating and set a $192.00 target price (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $169.00 target price (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $199.00 target price on shares of FactSet Research Systems in a report on Thursday, December 21st.

Shares of FactSet Research Systems (NYSE FDS) traded up $1.16 during midday trading on Monday, reaching $195.34. The company’s stock had a trading volume of 443,400 shares, compared to its average volume of 338,600. FactSet Research Systems has a 12-month low of $155.09 and a 12-month high of $207.25. The company has a current ratio of 2.64, a quick ratio of 2.04 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7,620.00, a price-to-earnings ratio of 29.51, a PEG ratio of 2.24 and a beta of 0.97.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Tuesday, December 19th. The business services provider reported $2.04 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $330.49 million. During the same quarter last year, the firm earned $1.75 EPS. FactSet Research Systems’s quarterly revenue was up 14.2% on a year-over-year basis. equities analysts anticipate that FactSet Research Systems will post 8.32 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio is presently 33.84%.

In related news, VP Matthew J. Mcnulty sold 1,400 shares of the firm’s 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 sale, the vice president now owns 3,248 shares of the company’s stock, valued at approximately $625,889.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James J. Mcgonigle sold 1,186 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was 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 in the company, valued at approximately $4,412,455.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,405 shares of company stock worth $1,234,723. 2.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of FactSet Research Systems by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock worth $596,028,000 after purchasing an additional 32,331 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of FactSet Research Systems by 0.3% in the 2nd quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock worth $525,082,000 after purchasing an additional 8,480 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of FactSet Research Systems by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock worth $540,750,000 after purchasing an additional 9,070 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of FactSet Research Systems by 5.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 906,115 shares of the business services provider’s stock worth $163,201,000 after purchasing an additional 50,562 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its holdings in shares of FactSet Research Systems by 9.7% in the 3rd quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock worth $121,082,000 after purchasing an additional 59,249 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

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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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