BMO Capital Markets Raises FactSet Research Systems (NYSE:FDS) Price Target to $471.00

FactSet Research Systems (NYSE:FDS) had its price target lifted by BMO Capital Markets from $440.00 to $471.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a hold rating in a report on Friday. Morgan Stanley upped their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an underweight rating in a research note on Monday, June 24th. Jefferies Financial Group lowered their target price on shares of FactSet Research Systems from $455.00 to $378.00 and set a hold rating for the company in a research note on Wednesday, June 5th. Wells Fargo & Company increased their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an equal weight rating in a research note on Friday. Finally, Bank of America downgraded FactSet Research Systems from a neutral rating to an underperform rating and lowered their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $446.67.

FactSet Research Systems Trading Up 0.6 %

Shares of FDS opened at $468.80 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 35.35, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. The firm has a 50 day simple moving average of $422.47 and a 200-day simple moving average of $428.08.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter last year, the business posted $2.93 earnings per share. FactSet Research Systems’s revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that FactSet Research Systems will post 16.28 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $1.04 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.16 annualized dividend and a yield of 0.89%. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $412.75, for a total transaction of $1,238,250.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,330,666.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 9,000 shares of company stock worth $3,714,960 in the last three months. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds have recently made changes to their positions in the business. SteelPeak Wealth LLC increased its holdings in FactSet Research Systems by 134.1% in the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 1,506 shares in the last quarter. Bell Asset Management Ltd acquired a new position in shares of FactSet Research Systems during the fourth quarter worth about $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of FactSet Research Systems by 3.1% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after buying an additional 1,389 shares during the period. Cetera Investment Advisers grew its stake in shares of FactSet Research Systems by 214.5% in the first quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after buying an additional 3,683 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of FactSet Research Systems by 22.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock valued at $7,223,000 after buying an additional 2,920 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

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.