FactSet Research Systems Inc. (FDS) Receives Average Recommendation of “Hold” from Brokerages
Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $163.10.
FDS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded FactSet Research Systems from a “hold” rating to a “sell” rating in a research report on Monday, June 5th. Credit Suisse Group raised their price objective on FactSet Research Systems from $179.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, March 29th. Stifel Nicolaus reissued a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a report on Tuesday, April 25th. BidaskClub cut FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Deutsche Bank AG initiated coverage on FactSet Research Systems in a report on Wednesday, May 10th. They set a “hold” rating and a $160.00 price objective on the stock.
In related news, EVP Scott G. Miller sold 17,074 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $165.78, for a total transaction of $2,830,527.72. Following the sale, the executive vice president now directly owns 15,045 shares in the company, valued at $2,494,160.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph E. Laird, Jr. sold 1,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $166.00, for a total value of $166,000.00. Following the sale, the director now owns 9,000 shares in the company, valued at $1,494,000. The disclosure for this sale can be found here. Insiders have sold 206,858 shares of company stock worth $34,453,143 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its stake in FactSet Research Systems by 17.4% in the first quarter. SRS Capital Advisors Inc. now owns 891 shares of the business services provider’s stock valued at $147,000 after buying an additional 132 shares during the period. Harfst & Associates Inc. bought a new stake in FactSet Research Systems during the first quarter valued at approximately $199,000. Penobscot Investment Management Company Inc. increased its stake in FactSet Research Systems by 2.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 1,270 shares of the business services provider’s stock valued at $209,000 after buying an additional 33 shares during the period. Suntrust Banks Inc. increased its stake in FactSet Research Systems by 4.0% in the first quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Finally, Quantbot Technologies LP bought a new stake in FactSet Research Systems during the first quarter valued at approximately $238,000. Institutional investors own 94.87% of the company’s stock.
Shares of FactSet Research Systems (NYSE:FDS) traded down 0.58% on Monday, reaching $162.44. The company’s stock had a trading volume of 274,421 shares. FactSet Research Systems has a 12 month low of $150.95 and a 12 month high of $183.64. The firm’s 50-day moving average price is $164.58 and its 200-day moving average price is $168.66. The stock has a market cap of $6.37 billion, a P/E ratio of 18.94 and a beta of 0.95.
FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.01. The firm had revenue of $312.12 million during the quarter, compared to the consensus estimate of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. On average, analysts forecast that FactSet Research Systems will post $7.30 earnings per share for the current fiscal year.
FactSet Research Systems announced that its board has authorized a stock buyback plan on Tuesday, March 28th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Wednesday, May 31st were given a dividend of $0.56 per share. The ex-dividend date was Friday, May 26th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 1.38%. FactSet Research Systems’s payout ratio is currently 26.20%.
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About FactSet Research Systems
Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.
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