FactSet Research Systems (FDS) – Analysts’ Recent Ratings Changes
A number of research firms have changed their ratings and price targets for FactSet Research Systems (NYSE: FDS):
- 9/27/2017 – FactSet Research Systems had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $200.00 price target on the stock, up previously from $190.00.
- 9/27/2017 – FactSet Research Systems had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $166.00 price target on the stock, up previously from $157.00.
- 9/27/2017 – FactSet Research Systems had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $169.00 price target on the stock, up previously from $163.00.
- 9/27/2017 – FactSet Research Systems had its “neutral” rating reaffirmed by analysts at Bank of America Corporation. They now have a $192.00 price target on the stock, up previously from $180.00.
- 9/27/2017 – FactSet Research Systems had its price target raised by analysts at Barclays PLC from $164.00 to $175.00. They now have an “underweight” rating on the stock.
- 9/22/2017 – FactSet Research Systems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $187.00 price target on the stock. According to Zacks, “FactSet is a leading provider of global online integrated data-related products and services for the investment community. The company’s consistent focus on adding clients, maintaining high client-retention ratio and increasing Annual Subscription Value (ASV) have been positive, going forward. Also, the company’s strategy of growing through acquisitions will continue to drive its overall performance. The share repurchase program is expected to support earnings in the long run apart from boosting shareholder value. The company is consistent with product innovation across its segments with special emphasis on financial services to gain customers. However, increasing competition from Bloomberg, Dow Jones & Company, MSCI and Thomson Reuters, which are also coming up with substitute products at competitive prices, is a material headwind for the company. Notably, FactSet has underperformed the industry in the last one year.”
- 9/21/2017 – FactSet Research Systems was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating. They now have a $195.00 price target on the stock.
- 8/10/2017 – FactSet Research Systems was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
FactSet Research Systems Inc. (NYSE FDS) traded up 0.35% on Tuesday, hitting $183.10. 337,486 shares of the stock were exchanged. The firm has a market cap of $7.18 billion, a PE ratio of 21.35 and a beta of 0.98. The company has a 50-day moving average price of $163.46 and a 200-day moving average price of $164.28. FactSet Research Systems Inc. has a 52-week low of $150.95 and a 52-week high of $184.20.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.01. The firm had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $1.69 EPS. On average, equities research analysts anticipate that FactSet Research Systems Inc. will post $8.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Thursday, August 31st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, August 29th. FactSet Research Systems’s payout ratio is 34.36%.
In other news, VP Matthew J. Mcnulty sold 1,049 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Philip A. Hadley sold 38,942 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $163.83, for a total value of $6,379,867.86. Following the transaction, the chairman now directly owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,274 shares of company stock valued at $16,450,267. 2.70% of the stock is owned by company insiders.
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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