Credit Suisse Group assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Friday morning, Marketbeat reports. The brokerage issued a neutral rating and a $238.00 price objective on the business services provider’s stock.
A number of other research firms have also recently commented on FDS. Morgan Stanley set a $204.00 price objective on FactSet Research Systems and gave the stock a hold rating in a research report on Monday, October 15th. Zacks Investment Research cut FactSet Research Systems from a buy rating to a hold rating in a research report on Thursday, September 27th. Barclays upgraded FactSet Research Systems from an underweight rating to an equal weight rating and lifted their price objective for the stock from $210.00 to $235.00 in a research report on Friday. Bank of America lifted their price objective on FactSet Research Systems from $214.00 to $245.00 and gave the stock a neutral rating in a research report on Wednesday, September 26th. Finally, Wells Fargo & Co lifted their price objective on FactSet Research Systems from $190.00 to $225.00 and gave the stock a market perform rating in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. FactSet Research Systems currently has a consensus rating of Hold and an average target price of $218.73.
Shares of NYSE:FDS traded down $2.72 during midday trading on Friday, hitting $223.70. 344,212 shares of the stock were exchanged, compared to its average volume of 220,761. The company has a market capitalization of $8.61 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. FactSet Research Systems has a twelve month low of $183.89 and a twelve month high of $237.95. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.09.
FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.01). The company had revenue of $345.90 million for the quarter, compared to analysts’ expectations of $346.39 million. FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. As a group, equities analysts anticipate that FactSet Research Systems will post 9.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is 30.01%.
In other FactSet Research Systems news, SVP Matthew J. Mcnulty sold 1,684 shares of FactSet Research Systems stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $225.00, for a total value of $378,900.00. Following the completion of the sale, the senior vice president now owns 3,727 shares in the company, valued at approximately $838,575. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert J. Robie sold 1,174 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the sale, the executive vice president now owns 2,862 shares of the company’s stock, valued at approximately $643,320.36. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FDS. Bruderman Asset Management LLC purchased a new stake in FactSet Research Systems in the 2nd quarter valued at about $112,000. Quantbot Technologies LP acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $139,000. Delaney Dennis R acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $200,000. Checchi Capital Advisers LLC acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $212,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of FactSet Research Systems in the 3rd quarter valued at about $217,000. Institutional investors own 92.37% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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