FactSet Research Systems (NYSE:FDS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

FactSet Research Systems (NYSE:FDS) had its target price increased by BMO Capital Markets from $471.00 to $521.00 in a report published on Friday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. UBS Group increased their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” 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 reduced their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Evercore ISI began coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective on the stock. Royal Bank of Canada increased their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus boosted their price target on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Price Performance

FDS stock opened at $485.93 on Friday. The firm has a 50-day moving average of $462.74 and a two-hundred day moving average of $434.23. The firm has a market capitalization of $18.46 billion, a PE ratio of 34.96, a P/E/G ratio of 3.20 and a beta of 0.75. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87.

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

FactSet Research Systems Dividend Announcement

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

Insider Activity

In other news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now directly owns 12,987 shares of the company’s stock, valued at approximately $5,910,253.83. This trade represents a 18.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. grew its stake in shares of FactSet Research Systems by 2.3% in the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock worth $436,000 after acquiring an additional 21 shares during the last quarter. Andina Capital Management LLC grew its position in FactSet Research Systems by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares during the last quarter. Argent Trust Co increased its holdings in shares of FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after purchasing an additional 27 shares during the period. Legacy Financial Advisors Inc. raised its position in shares of FactSet Research Systems by 4.0% during the second quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock valued at $341,000 after buying an additional 32 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in shares of FactSet Research Systems by 4.8% in the second quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.