FactSet Research Systems Inc. (NYSE:FDS) Given Average Recommendation of "Reduce" by Brokerages

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) has been given an average rating of "Reduce" by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $444.25.

A number of brokerages have issued reports on FDS. Morgan Stanley upped their target price on FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research report on Friday, June 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI lowered their target price on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research note on Monday, June 16th. BMO Capital Markets boosted their target price on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research report on Friday, June 20th. Finally, Wells Fargo & Company upped their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th.

FactSet Research Systems Trading Up 1.1%

Shares of NYSE:FDS opened at $441.99 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $16.77 billion, a PE ratio of 31.94, a P/E/G ratio of 2.85 and a beta of 0.86. FactSet Research Systems has a 1 year low of $391.69 and a 1 year high of $499.87. The firm has a fifty day moving average price of $440.97 and a 200 day moving average price of $450.60.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The business services provider reported $4.27 earnings per share for the quarter, missing analysts' consensus estimates of $4.30 by ($0.03). The company had revenue of $585.52 million during the quarter, compared to analyst estimates of $580.70 million. FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. FactSet Research Systems's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 EPS. Analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th were issued a dividend of $1.10 per share. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date was Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 1.00%. FactSet Research Systems's payout ratio is presently 31.29%.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds have recently made changes to their positions in FDS. Cary Street Partners Financial LLC acquired a new position in FactSet Research Systems in the 4th quarter valued at approximately $29,000. SouthState Corp grew its holdings in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of FactSet Research Systems by 4,200.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider's stock valued at $39,000 after purchasing an additional 84 shares during the period. WPG Advisers LLC acquired a new position in shares of FactSet Research Systems in the first quarter valued at $41,000. Finally, Bank of Jackson Hole Trust lifted its position in FactSet Research Systems by 187.9% in the first quarter. Bank of Jackson Hole Trust now owns 95 shares of the business services provider's stock worth $44,000 after purchasing an additional 62 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.

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