FactSet Research Systems (NYSE:FDS) had its price target upped by DA Davidson to $185.00 in a research note released on Thursday. The brokerage currently has a neutral rating on the business services provider’s stock.
A number of other equities analysts also recently issued reports on FDS. Zacks Investment Research raised shares of FactSet Research Systems from a hold rating to a buy rating and set a $239.00 price target for the company in a research note on Tuesday. Morgan Stanley increased their price target on shares of FactSet Research Systems from $179.00 to $186.00 and gave the stock an equal weight rating in a research note on Wednesday, January 31st. Piper Jaffray Companies reissued a hold rating and issued a $199.00 price target on shares of FactSet Research Systems in a research note on Thursday, December 21st. Wells Fargo & Co set a $185.00 price target on shares of FactSet Research Systems and gave the stock a hold rating in a research note on Wednesday, December 20th. Finally, Oppenheimer restated a hold rating on shares of FactSet Research Systems in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $186.92.
FactSet Research Systems (NYSE FDS) traded up $1.35 during mid-day trading on Thursday, reaching $214.04. 73,975 shares of the company were exchanged, compared to its average volume of 282,618. FactSet Research Systems has a 12 month low of $155.09 and a 12 month high of $214.88. The company has a market capitalization of $8,246.14, a P/E ratio of 32.08, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, February 27th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 33.79%.
In other FactSet Research Systems news, VP Matthew J. Mcnulty sold 1,400 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were 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 in the company, valued at $625,889.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Matthew J. Mcnulty sold 1,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $198.00, for a total transaction of $198,000.00. Following the completion of the sale, the vice president now owns 2,848 shares in the company, valued at approximately $563,904. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,406 shares of company stock worth $10,957,561. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of FactSet Research Systems by 96.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,435 shares of the business services provider’s stock valued at $1,048,000 after buying an additional 2,672 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $569,000. Envestnet Asset Management Inc. grew its holdings in shares of FactSet Research Systems by 9.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,111 shares of the business services provider’s stock valued at $3,683,000 after buying an additional 1,688 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $374,000. Finally, Dumont & Blake Investment Advisors LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.
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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.
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