BMO Capital Markets Cuts FactSet Research Systems (NYSE:FDS) Price Target to $466.00

FactSet Research Systems (NYSE:FDS) had its target price reduced by BMO Capital Markets from $498.00 to $466.00 in a report issued on Monday morning,Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

A number of other brokerages also recently commented on FDS. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $450.00 to $402.00 in a research note on Friday, March 21st. UBS Group reduced their price target on FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Morgan Stanley dropped their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has a consensus rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Trading Up 0.3 %

FDS opened at $440.90 on Monday. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a market capitalization of $16.77 billion, a P/E ratio of 31.61, a PEG ratio of 2.93 and a beta of 0.77. The stock’s fifty day moving average is $454.52 and its two-hundred day moving average is $464.67. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating the consensus estimate of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same quarter last year, the firm posted $4.22 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s dividend payout ratio is currently 29.59%.

Insider Activity at FactSet Research Systems

In other FactSet Research Systems news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at $19,084.12. This represents a 89.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently made changes to their positions in FDS. Quest Partners LLC grew its holdings in FactSet Research Systems by 560.3% during the 3rd quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock worth $206,000 after acquiring an additional 381 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of FactSet Research Systems by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after purchasing an additional 21 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of FactSet Research Systems during the 3rd quarter worth $321,000. Great Valley Advisor Group Inc. acquired a new position in shares of FactSet Research Systems during the third quarter worth $224,000. Finally, Cerity Partners LLC increased its holdings in FactSet Research Systems by 164.0% in the third quarter. Cerity Partners LLC now owns 5,124 shares of the business services provider’s stock valued at $2,356,000 after buying an additional 3,183 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

About FactSet Research Systems

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.