Barclays upgraded shares of FactSet Research Systems (NYSE:FDS) from an underweight rating to an equal weight rating in a research report sent to investors on Friday, Marketbeat reports. Barclays currently has $235.00 price target on the business services provider’s stock, up from their prior price target of $210.00.
Other analysts have also issued reports about the company. Zacks Investment Research upgraded FactSet Research Systems from a hold rating to a buy rating and set a $251.00 price objective for the company in a research report on Tuesday, August 28th. Stifel Nicolaus lifted their price objective on FactSet Research Systems from $188.00 to $223.00 and gave the stock a hold rating in a research report on Wednesday, September 26th. Morgan Stanley set a $210.00 price objective on FactSet Research Systems and gave the stock a hold rating in a research report on Thursday, September 13th. Wells Fargo & Co lifted their price objective on FactSet Research Systems from $190.00 to $225.00 and gave the stock a market perform rating in a research report on Wednesday, September 26th. Finally, Bank of America lifted their price objective on FactSet Research Systems from $214.00 to $245.00 and gave the stock a neutral rating in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. FactSet Research Systems has an average rating of Hold and an average price target of $218.73.
Shares of NYSE:FDS traded down $2.72 during midday trading on Friday, reaching $223.70. The company’s stock had a trading volume of 344,212 shares, compared to its average volume of 220,761. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $8.61 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. FactSet Research Systems has a fifty-two week low of $183.89 and a fifty-two week high of $237.95.
FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.01). The firm had revenue of $345.90 million during the quarter, compared to analyst estimates of $346.39 million. FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. FactSet Research Systems’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 earnings per share. On average, analysts anticipate that FactSet Research Systems will post 9.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.01%.
In other FactSet Research Systems news, SVP Matthew J. Mcnulty sold 1,684 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $225.00, for a total transaction of $378,900.00. Following the transaction, the senior vice president now owns 3,727 shares in the company, valued at $838,575. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert J. Robie sold 1,174 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $224.78, for a total value of $263,891.72. Following the transaction, the executive vice president now owns 2,862 shares in the company, valued at approximately $643,320.36. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of FDS. Bruderman Asset Management LLC bought a new position in FactSet Research Systems during the second quarter worth about $112,000. Quantbot Technologies LP bought a new position in FactSet Research Systems during the third quarter worth about $139,000. Delaney Dennis R bought a new position in FactSet Research Systems during the third quarter worth about $200,000. Checchi Capital Advisers LLC bought a new position in FactSet Research Systems during the third quarter worth about $212,000. Finally, Cookson Peirce & Co. Inc. bought a new position in FactSet Research Systems during the third quarter worth about $217,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.
FactSet Research Systems Company Profile
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.
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