FactSet Research Systems (NYSE:FDS) Price Target Raised to $458.00

FactSet Research Systems (NYSE:FDS) had its price objective boosted by BMO Capital Markets from $447.00 to $458.00 in a research note published on Monday, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

A number of other analysts have also weighed in on FDS. Stifel Nicolaus restated a hold rating and issued a $469.00 target price on shares of FactSet Research Systems in a research note on Friday, March 22nd. Barclays restated an equal weight rating and issued a $460.00 price target (down from $480.00) on shares of FactSet Research Systems in a research report on Friday, March 22nd. Oppenheimer reissued a market perform rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $480.00 price target (up previously from $471.00) on shares of FactSet Research Systems in a report on Friday, December 8th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $444.11.

FactSet Research Systems Trading Up 1.5 %

Shares of FDS stock opened at $454.17 on Monday. FactSet Research Systems has a 52-week low of $380.96 and a 52-week high of $488.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.68 and a current ratio of 1.79. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 2.74 and a beta of 0.73. The firm has a fifty day moving average of $467.55 and a 200-day moving average of $455.46.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analysts’ expectations of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities research analysts forecast that FactSet Research Systems will post 15.78 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 28th. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.04%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at $6,147,798.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of large investors have recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in shares of FactSet Research Systems by 82.9% during the 2nd quarter. Covestor Ltd now owns 64 shares of the business services provider’s stock worth $26,000 after buying an additional 29 shares during the last quarter. Criterion Capital Advisors LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter worth approximately $30,000. First Capital Advisors Group LLC. acquired a new position in shares of FactSet Research Systems in the second quarter valued at approximately $30,000. Clear Street Markets LLC lifted its holdings in FactSet Research Systems by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 76 shares of the business services provider’s stock worth $32,000 after purchasing an additional 37 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in FactSet Research Systems in the 2nd quarter valued at $32,000. Institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.