By otakuyassine3@gmail.com 
Shares of FactSet Research Systems Inc. (NYSE:FDS – Get Free Report) have earned an average rating of “Reduce” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $453.46.
A number of research firms have weighed in on FDS. Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, December 20th. BMO Capital Markets dropped their target price on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Finally, Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $420.00 to $380.00 in a report on Wednesday, October 9th.
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FactSet Research Systems Stock Up 0.2 %
Shares of FDS opened at $473.26 on Wednesday. The firm has a market capitalization of $18.00 billion, a P/E ratio of 33.93, a P/E/G ratio of 2.92 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $499.87. The company has a 50-day simple moving average of $476.59 and a 200-day simple moving average of $455.05.
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.25 by $0.12. The business had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 EPS. On average, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.
FactSet Research Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 29th were issued a dividend of $1.04 per share. The ex-dividend date was Friday, November 29th. This represents a $4.16 annualized dividend and a yield of 0.88%. FactSet Research Systems’s payout ratio is 29.82%.
Insiders Place Their Bets
In other news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On FactSet Research Systems
Large investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of FactSet Research Systems by 2,873.9% during the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock worth $48,822,000 after acquiring an additional 115,561 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of FactSet Research Systems in the 3rd quarter worth approximately $38,909,000. Nordea Investment Management AB grew its position in shares of FactSet Research Systems by 21.0% in the 4th quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of FactSet Research Systems by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after purchasing an additional 52,741 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares in the last quarter. Hedge funds and other 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.
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