FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Rating of "Reduce" from Brokerages

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) have been assigned a consensus rating of "Reduce" from the nine analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $444.25.

Several brokerages have weighed in on FDS. Wells Fargo & Company increased their price objective on FactSet Research Systems from $402.00 to $405.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Evercore ISI reduced their price objective on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a report on Monday, June 16th. BMO Capital Markets increased their target price on 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. Morgan Stanley increased 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. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, June 20th.

Insider Buying and Selling

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $442.60, for a total value of $1,106,500.00. Following the sale, the chief accounting officer owned 44 shares in the company, valued at approximately $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $451.39, for a total value of $1,320,315.75. Following the completion of the sale, the director owned 4,461 shares in the company, valued at $2,013,650.79. This trade represents a 39.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,031 shares of company stock worth $5,825,481. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of large investors have recently added to or reduced their stakes in the company. Kolinsky Wealth Management LLC grew its stake in shares of FactSet Research Systems by 3.2% during the fourth quarter. Kolinsky Wealth Management LLC now owns 739 shares of the business services provider's stock valued at $355,000 after buying an additional 23 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of FactSet Research Systems by 1.6% in the first quarter. Fifth Third Bancorp now owns 1,470 shares of the business services provider's stock worth $668,000 after purchasing an additional 23 shares during the last quarter. Geller Advisors LLC grew its stake in shares of FactSet Research Systems by 5.6% in the fourth quarter. Geller Advisors LLC now owns 468 shares of the business services provider's stock worth $225,000 after purchasing an additional 25 shares during the last quarter. Birch Capital Management LLC lifted its holdings in FactSet Research Systems by 0.3% in the first quarter. Birch Capital Management LLC now owns 8,611 shares of the business services provider's stock worth $3,915,000 after buying an additional 25 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in FactSet Research Systems by 3.1% in the first quarter. Alps Advisors Inc. now owns 822 shares of the business services provider's stock worth $374,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 91.24% of the company's stock.

FactSet Research Systems Stock Performance

Shares of FDS stock traded down $2.10 during trading on Wednesday, hitting $419.36. The company's stock had a trading volume of 348,127 shares, compared to its average volume of 285,974. The company has a market cap of $15.86 billion, a PE ratio of 30.30, a P/E/G ratio of 2.74 and a beta of 0.84. 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 business has a fifty day moving average of $440.41 and a 200-day moving average of $444.24. FactSet Research Systems has a 52 week low of $391.69 and a 52 week high of $499.87.

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

FactSet Research Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 30th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, May 30th. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

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.