FactSet Research Systems Inc. (FDS) Receives Consensus Rating of “Hold” from Brokerages
Shares of FactSet Research Systems Inc. (NYSE:FDS) have earned a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $174.78.
FDS has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on shares of FactSet Research Systems in a report on Wednesday, November 8th. They set a “neutral” rating and a $194.00 price target for the company. Zacks Investment Research downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays boosted their price target on shares of FactSet Research Systems from $164.00 to $175.00 and gave the company an “underweight” rating in a report on Wednesday, September 27th. Bank of America reissued a “neutral” rating and set a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $205.00 price target (up previously from $200.00) on shares of FactSet Research Systems in a report on Monday, October 23rd.
In related news, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the sale, the vice president now directly owns 2,499 shares in the company, valued at $452,319. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the sale, the chief operating officer now owns 11,314 shares in the company, valued at $2,040,366.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,841 shares of company stock worth $3,224,739. Company insiders own 2.70% of the company’s stock.
FactSet Research Systems (FDS) traded up $0.44 during trading on Thursday, reaching $202.46. 265,015 shares of the company’s stock were exchanged, compared to its average volume of 308,417. The firm has a market capitalization of $7,979.95, a P/E ratio of 27.91, a PEG ratio of 2.32 and a beta of 0.97. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.03. FactSet Research Systems has a 1 year low of $155.09 and a 1 year high of $206.66.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company had revenue of $326.60 million during the quarter, compared to the consensus estimate of $325.26 million. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. research analysts predict that FactSet Research Systems will post 8.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Thursday, November 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s dividend payout ratio is currently 34.36%.
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FactSet Research Systems Company Profile
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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