FactSet Research Systems Inc. (NYSE:FDS) Receives Average Rating of “Reduce” from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS) have been given an average rating of “Reduce” by the seventeen analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $267.6923.

A number of research analysts have issued reports on FDS shares. Royal Bank Of Canada reduced their target price on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. The Goldman Sachs Group lowered FactSet Research Systems from a “sell” rating to an “underweight” rating in a report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of FactSet Research Systems in a report on Friday, March 27th. Barclays lowered their price target on FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a report on Monday, February 23rd. Finally, Rothschild & Co Redburn lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target on the stock. in a report on Thursday.

FactSet Research Systems Trading Up 0.5%

FactSet Research Systems stock opened at $222.34 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $231.04 and a two-hundred day moving average price of $241.64. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.85 and a beta of 0.71. FactSet Research Systems has a 52-week low of $185.00 and a 52-week high of $453.41.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $0.09. The firm had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. FactSet Research Systems had a net margin of 24.48% and a return on equity of 30.25%. FactSet Research Systems’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. Sell-side analysts expect that FactSet Research Systems will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, May 29th. FactSet Research Systems’s dividend payout ratio is 29.84%.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors have recently added to or reduced their stakes in FDS. Jones Financial Companies Lllp lifted its position in FactSet Research Systems by 5.6% in the first quarter. Jones Financial Companies Lllp now owns 1,727 shares of the business services provider’s stock worth $785,000 after purchasing an additional 91 shares during the period. Empowered Funds LLC lifted its position in FactSet Research Systems by 27.6% in the first quarter. Empowered Funds LLC now owns 972 shares of the business services provider’s stock worth $442,000 after purchasing an additional 210 shares during the period. Geneos Wealth Management Inc. lifted its position in FactSet Research Systems by 188.2% in the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC lifted its position in FactSet Research Systems by 58.6% in the second quarter. EverSource Wealth Advisors LLC now owns 138 shares of the business services provider’s stock worth $62,000 after purchasing an additional 51 shares during the period. Finally, Cerity Partners LLC lifted its position in FactSet Research Systems by 15.6% in the second quarter. Cerity Partners LLC now owns 5,247 shares of the business services provider’s stock worth $2,347,000 after purchasing an additional 707 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.