Somewhat Favorable Press Coverage Somewhat Unlikely to Impact FactSet (FDS) Share Price

Media stories about FactSet (NYSE:FDS) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FactSet earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 48.1803036139375 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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Shares of NYSE FDS traded down $0.93 during midday trading on Friday, hitting $197.48. 280,541 shares of the company’s stock were exchanged, compared to its average volume of 384,318. FactSet has a 12-month low of $155.09 and a 12-month high of $217.36. The company has a current ratio of 2.53, a quick ratio of 2.64 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $7,742.73, a price-to-earnings ratio of 27.02, a PEG ratio of 2.12 and a beta of 0.95.

FactSet (NYSE:FDS) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.06. FactSet had a return on equity of 54.00% and a net margin of 19.07%. The company had revenue of $335.20 million during the quarter, compared to analyst estimates of $333.78 million. During the same quarter in the previous year, the firm earned $1.81 earnings per share. FactSet’s revenue was up 13.9% on a year-over-year basis. analysts predict that FactSet will post 8.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Tuesday, February 27th. FactSet’s payout ratio is 30.64%.

FactSet declared that its Board of Directors has approved a stock buyback program on Tuesday, March 27th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Several brokerages have recently weighed in on FDS. Morgan Stanley upped their price target on FactSet from $179.00 to $186.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut FactSet from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Cantor Fitzgerald upped their price target on FactSet from $187.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Wells Fargo set a $185.00 price target on FactSet and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray reiterated a “hold” rating and set a $199.00 price target on shares of FactSet in a research report on Thursday, December 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $192.00.

In other news, CFO Maurizio Nicolelli sold 5,675 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the transaction, the chief financial officer now owns 9,129 shares of the company’s stock, valued at $1,807,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark J. Hale sold 48,001 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $198.43, for a total value of $9,524,838.43. Following the transaction, the chief operating officer now directly owns 6,268 shares of the company’s stock, valued at approximately $1,243,759.24. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

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About FactSet

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.

Insider Buying and Selling by Quarter for FactSet (NYSE:FDS)

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