FactSet Research Systems Inc. (NYSE:FDS) Given Average Recommendation of “Reduce” by Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has been given an average rating of “Reduce” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $444.25.

Several analysts recently commented on FDS shares. Raymond James Financial raised FactSet Research Systems from an “underperform” rating to a “market perform” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a research note on Friday, June 20th. BMO Capital Markets upped their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a report on Friday, June 20th. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an “underweight” rating in a research report on Friday, June 20th. Finally, UBS Group restated a “neutral” rating on shares of FactSet Research Systems in a research report on Friday, June 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SouthState Corp raised its stake in shares of FactSet Research Systems by 1,400.0% in the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of FactSet Research Systems by 4,200.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 84 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of FactSet Research Systems in the first quarter valued at approximately $41,000. Finally, American National Bank & Trust bought a new position in FactSet Research Systems in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Stock Performance

NYSE FDS opened at $441.99 on Friday. FactSet Research Systems has a twelve month low of $391.69 and a twelve month high of $499.87. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market cap of $16.77 billion, a P/E ratio of 31.94, a PEG ratio of 2.85 and a beta of 0.86. The company’s 50-day simple moving average is $440.97 and its 200 day simple moving average is $450.60.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts’ consensus estimates of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million for the quarter, compared to analyst estimates of $580.70 million. During the same period in the previous year, the firm posted $4.37 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were paid a $1.10 dividend. The ex-dividend date was Friday, May 30th. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.00%. FactSet Research Systems’s dividend payout ratio (DPR) is 31.29%.

FactSet Research Systems Company Profile

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.