FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Rating of “Reduce” from Analysts

FactSet Research Systems Inc. (NYSE:FDS) has earned an average rating of “Reduce” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $453.23.

FDS has been the subject of several analyst reports. UBS Group upped their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley raised their target price on shares of FactSet Research Systems from $373.00 to $409.00 and gave the company an “underweight” rating in a report on Thursday, December 12th. BMO Capital Markets lowered their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their target price on shares of FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently modified their holdings of FDS. Catalyst Capital Advisors LLC acquired a new position in FactSet Research Systems in the third quarter valued at $26,000. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems during the fourth quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new stake in FactSet Research Systems during the 3rd quarter valued at approximately $35,000. Finally, Allworth Financial LP lifted its position in FactSet Research Systems by 19.1% during the 4th quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock worth $64,000 after acquiring an additional 22 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

NYSE FDS opened at $462.10 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $17.57 billion, a P/E ratio of 33.13, a P/E/G ratio of 2.93 and a beta of 0.77. The stock has a 50-day moving average of $469.33 and a two-hundred day moving average of $459.80. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The firm had revenue of $568.70 million for the quarter, compared to the consensus estimate of $565.14 million. During the same period in the prior year, the firm earned $4.12 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is currently 29.82%.

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.