FactSet Research Systems (NYSE:FDS) Price Target Lowered to $480.00 at UBS Group

FactSet Research Systems (NYSE:FDS) had its target price decreased by UBS Group from $525.00 to $480.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the business services provider’s stock.

FDS has been the subject of a number of other research reports. BMO Capital Markets decreased their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Monday, March 10th. Morgan Stanley cut their target price on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research report on Friday. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $450.00 to $402.00 in a research report on Friday. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $440.77.

FactSet Research Systems Trading Up 0.5 %

Shares of FDS opened at $433.01 on Friday. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a 50-day moving average of $455.49 and a 200 day moving average of $464.19. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

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

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

Institutional Trading of FactSet Research Systems

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its position in FactSet Research Systems by 5.7% during the 4th quarter. California State Teachers Retirement System now owns 61,364 shares of the business services provider’s stock worth $29,472,000 after purchasing an additional 3,283 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in FactSet Research Systems by 6.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,370 shares of the business services provider’s stock worth $2,099,000 after purchasing an additional 251 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in FactSet Research Systems by 871.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider’s stock worth $5,203,000 after purchasing an additional 9,719 shares during the last quarter. Menard Financial Group LLC purchased a new stake in FactSet Research Systems during the 4th quarter worth approximately $91,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in FactSet Research Systems during the 4th quarter worth approximately $39,284,000. Hedge funds and other institutional investors 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.