FactSet Research Systems (NYSE:FDS) Price Target Raised to $409.00

FactSet Research Systems (NYSE:FDS) had its price target upped by Morgan Stanley from $373.00 to $409.00 in a research note released on Thursday,Benzinga reports. The firm currently has an underweight rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on FDS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research report on Friday, November 15th. Evercore ISI started coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price on the stock. Wells Fargo & Company increased their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a research note on Friday, September 20th. Stifel Nicolaus raised their target price on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group boosted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $451.85.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $488.74 on Thursday. The firm has a market capitalization of $18.57 billion, a PE ratio of 35.16, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $474.46 and a two-hundred day moving average price of $440.36. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period in the previous year, the business earned $2.93 EPS. 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 17.2 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is 29.93%.

Insider Activity at FactSet Research Systems

In other news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at $10,726,367.25. The trade was a 37.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Costigan sold 1,622 shares of the 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 transaction, the insider now directly owns 299 shares in the company, valued at $143,819. The trade was a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently bought and sold shares of FDS. Natixis Advisors LLC boosted its holdings in FactSet Research Systems by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 120,956 shares of the business services provider’s stock worth $55,621,000 after buying an additional 1,260 shares during the period. Jensen Investment Management Inc. grew its holdings in FactSet Research Systems by 11.6% during the 3rd quarter. Jensen Investment Management Inc. now owns 12,000 shares of the business services provider’s stock valued at $5,518,000 after buying an additional 1,250 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of FactSet Research Systems by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,322 shares of the business services provider’s stock valued at $41,367,000 after buying an additional 1,699 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of FactSet Research Systems by 29.4% during the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock worth $5,588,000 after acquiring an additional 2,764 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in FactSet Research Systems by 12.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,938 shares of the business services provider’s stock valued at $6,099,000 after acquiring an additional 1,675 shares in the last quarter. 91.24% of the stock is owned by institutional investors.

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.