FactSet Research Systems (NYSE:FDS) Sets New 12-Month High – Here’s What Happened

Shares of FactSet Research Systems Inc. (NYSE:FDS) reached a new 52-week high during trading on Wednesday . The company traded as high as $489.67 and last traded at $489.67, with a volume of 41264 shares changing hands. The stock had previously closed at $484.27.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FDS shares. Wells Fargo & Company increased their price target on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada increased their price target on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. BMO Capital Markets raised their price objective on shares of FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. UBS Group raised their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, Stifel Nicolaus raised their price objective on shares of FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $443.57.

FactSet Research Systems Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 3.20 and a beta of 0.75. The firm has a fifty day moving average price of $460.40 and a 200-day moving average price of $433.15.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $2.93 earnings per share. As a group, equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be paid a $1.04 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.84%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director James J. Mcgonigle sold 5,410 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now directly owns 5,283 shares in the company, valued at $2,413,432.89. The trade was a 50.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the transaction, the insider now owns 299 shares of the company’s stock, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,984 shares of company stock valued at $12,230,877. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds have recently added to or reduced their stakes in FDS. SteelPeak Wealth LLC boosted its holdings in FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock valued at $20,321,000 after acquiring an additional 1,389 shares during the period. Cetera Investment Advisers boosted its holdings in FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock valued at $2,454,000 after acquiring an additional 3,683 shares during the period. Russell Investments Group Ltd. boosted its holdings in FactSet Research Systems by 34.4% during the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock valued at $19,959,000 after acquiring an additional 11,257 shares during the period. Finally, Tidal Investments LLC boosted its holdings in FactSet Research Systems by 225.1% during the 1st quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after acquiring an additional 1,623 shares during the period. 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.