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FactSet Research Systems (NYSE:FDS) Hits New 1-Year Low - Should You Sell?

FactSet Research Systems logo with Business Services background

Key Points

  • FactSet Research Systems hit a new 52-week low of $376.84 during mid-day trading, with a last traded price of $377.64 and a trading volume of 405,408 shares.
  • Analysts have mixed ratings on the stock, with BMO Capital Markets and Royal Bank Of Canada setting price targets of $452.00 and $503.00 respectively, while Wells Fargo assigned it an "underweight" rating.
  • The company declared a quarterly dividend of $1.10, which reflects an annualized yield of 1.2% and a payout ratio of 31.79%.
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Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $376.84 and last traded at $377.64, with a volume of 405408 shares. The stock had previously closed at $382.43.

Wall Street Analysts Forecast Growth

FDS has been the topic of a number of research reports. BMO Capital Markets raised 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 note on Friday, June 20th. UBS Group reiterated a "neutral" rating on shares of FactSet Research Systems in a research note 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 company an "underweight" rating in a research report on Friday, June 20th. Evercore ISI reduced their price target on shares of FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating for the company in a research report on Monday, June 16th. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $390.00 to $393.00 and gave the company an "underweight" rating in a report on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, FactSet Research Systems currently has a consensus rating of "Hold" and a consensus target price of $444.25.

Check Out Our Latest Stock Analysis on FDS

FactSet Research Systems Stock Performance

The stock's 50 day moving average price is $421.94 and its 200 day moving average price is $437.60. 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 firm has a market cap of $13.99 billion, a PE ratio of 26.74, a P/E/G ratio of 2.46 and a beta of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last issued its earnings results on Monday, June 23rd. The business services provider reported $4.27 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $580.70 million. During the same period in the prior year, the business posted $4.37 EPS. The business's revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Dividend Announcement

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

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 7,606 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 23,952 shares of the company's stock, valued at $10,702,711.68. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Mcgonigle sold 2,925 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $451.39, for a total transaction of $1,320,315.75. Following the completion of the transaction, the director directly owned 4,461 shares of the company's stock, valued at approximately $2,013,650.79. This represents a 39.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,031 shares of company stock valued at $5,825,481. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On FactSet Research Systems

Several large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its holdings in shares of FactSet Research Systems by 4.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 809 shares of the business services provider's stock worth $368,000 after buying an additional 38 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of FactSet Research Systems by 4.7% during the first quarter. QRG Capital Management Inc. now owns 1,339 shares of the business services provider's stock valued at $609,000 after buying an additional 60 shares during the period. Bessemer Group Inc. grew its holdings in shares of FactSet Research Systems by 284.3% in the first quarter. Bessemer Group Inc. now owns 1,176 shares of the business services provider's stock worth $535,000 after purchasing an additional 870 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in FactSet Research Systems in the first quarter worth $2,528,000. Finally, Golden State Wealth Management LLC lifted its stake in FactSet Research Systems by 800.0% in the first quarter. Golden State Wealth Management LLC now owns 99 shares of the business services provider's stock worth $45,000 after acquiring an additional 88 shares during the period. 91.24% of the stock is owned by institutional investors.

About FactSet Research Systems

(Get Free Report)

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.

See Also

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