FactSet Research Systems (NYSE:FDS) Price Target Lowered to $466.00 at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its target price lowered by BMO Capital Markets from $498.00 to $466.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the business services provider’s stock.

Several other research firms also recently commented on FDS. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Monday, March 10th. Stifel Nicolaus lifted their target price on shares of 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 lowered their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research note on Friday. Morgan Stanley reduced their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $450.00 to $402.00 in a report on Friday. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $436.27.

FactSet Research Systems Stock Down 0.1 %

Shares of NYSE:FDS opened at $432.44 on Monday. The firm has a market capitalization of $16.45 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. 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 firm has a fifty day moving average of $455.05 and a 200 day moving average of $464.73.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.22 earnings per share. As a group, research analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Institutional Investors Weigh In On FactSet Research Systems

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in FactSet Research Systems in the fourth quarter worth $69,128,000. Point72 Asset Management L.P. bought a new position in FactSet Research Systems in the 4th quarter worth $66,368,000. Geode Capital Management LLC lifted its position in shares of FactSet Research Systems by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after purchasing an additional 94,668 shares during the period. Meridiem Capital Partners LP bought a new stake in shares of FactSet Research Systems during the 4th quarter valued at about $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of FactSet Research Systems during the fourth quarter valued at about $39,284,000. 91.24% of the stock is currently owned by institutional investors.

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.