FactSet Research Systems (NYSE:FDS) Price Target Raised to $525.00 at UBS Group

FactSet Research Systems (NYSE:FDS) had its price target boosted by UBS Group from $485.00 to $525.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company lifted their price target on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. BMO Capital Markets increased their price target on FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Royal Bank of Canada upped their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Stock Up 0.4 %

NYSE:FDS opened at $485.93 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $462.74 and its 200-day moving average price is $434.23. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The firm has a market capitalization of $18.46 billion, a P/E ratio of 34.96, a PEG ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. As a group, equities research analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. The trade was a 18.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher R. Ellis sold 13,952 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,984 shares of company stock worth $12,230,877 in the last three months. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in FactSet Research Systems by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after buying an additional 8,376 shares during the last quarter. M&T Bank Corp raised its stake in shares of FactSet Research Systems by 25.7% in the 3rd quarter. M&T Bank Corp now owns 11,525 shares of the business services provider’s stock valued at $5,299,000 after acquiring an additional 2,354 shares during the period. Continuum Advisory LLC lifted its holdings in shares of FactSet Research Systems by 5,200.0% in the 3rd quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares during the last quarter. Geller Advisors LLC purchased a new position in shares of FactSet Research Systems during the 3rd quarter worth approximately $204,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in FactSet Research Systems by 8.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider’s stock valued at $5,273,000 after purchasing an additional 894 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.