FactSet Research Systems (NYSE:FDS) Hits New 1-Year Low - Here's Why

Key Points

• FactSet Research Systems' stock price has reached a new 52-week low of $365.76, closing at $368.26 with a trading volume of 17,674 shares.
• The company missed earnings expectations for the last quarter, reporting $4.27 per share against a consensus estimate of $4.30, although revenue was up 5.9% year-over-year.
• Recent analyst reports have resulted in varied price targets, with a consensus target price of $444.25 and a majority holding a "Hold" rating on the stock.

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $365.76 and last traded at $368.26, with a volume of 17674 shares. The stock had previously closed at $369.62.

Analysts Set New Price Targets

FDS has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Friday, June 20th. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. BMO Capital Markets boosted their price target on shares of FactSet Research Systems from $448.00 to $452.00 and gave the stock a "market perform" rating in a research note on Friday, June 20th. Morgan Stanley boosted their price target on shares of FactSet Research Systems from $390.00 to $393.00 and gave the stock an "underweight" rating in a research note on Friday, June 20th. Finally, UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note on Friday, June 20th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $444.25.

FactSet Research Systems Price Performance

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 $13.97 billion, a PE ratio of 26.70, a PEG ratio of 2.41 and a beta of 0.83. The firm's 50-day moving average price is $420.68 and its 200-day moving average price is $436.47.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings data 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). FactSet Research Systems had a return on equity of 31.59% and a net margin of 23.30%. The firm had revenue of $585.52 million during the quarter, compared to analysts' expectations of $580.70 million. During the same period last year, the company earned $4.37 earnings per share. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. FactSet Research Systems's dividend payout ratio (DPR) is 31.79%.

Insiders Place Their Bets

In related news, CAO Gregory T. Moskoff sold 2,500 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $442.60, for a total transaction of $1,106,500.00. Following the completion of the transaction, the chief accounting officer owned 44 shares of the company's stock, valued at $19,474.40. This trade represents a 98.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher R. Ellis sold 7,606 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $446.84, for a total transaction of $3,398,665.04. Following the sale, the executive vice president owned 23,952 shares in the company, valued at approximately $10,702,711.68. This represents a 24.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

Institutional Trading of FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of FactSet Research Systems during the 2nd quarter worth about $45,000. Parr Mcknight Wealth Management Group LLC raised its position in shares of FactSet Research Systems by 0.6% during the 2nd quarter. Parr Mcknight Wealth Management Group LLC now owns 10,274 shares of the business services provider's stock worth $4,595,000 after purchasing an additional 60 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of FactSet Research Systems by 28.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,262 shares of the business services provider's stock worth $1,012,000 after purchasing an additional 505 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of FactSet Research Systems during the 2nd quarter worth about $50,000. Finally, SkyView Investment Advisors LLC raised its position in shares of FactSet Research Systems by 2.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 1,809 shares of the business services provider's stock worth $798,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds 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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