FactSet Research Systems (NYSE:FDS) Trading Down 3.4% - What's Next?

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report)'s stock price fell 3.4% during trading on Tuesday . The company traded as low as $436.06 and last traded at $441.21. 115,248 shares traded hands during trading, a decline of 60% from the average session volume of 290,373 shares. The stock had previously closed at $456.56.

Analysts Set New Price Targets

A number of research firms have commented on FDS. Morgan Stanley decreased their price target on FactSet Research Systems from $409.00 to $390.00 and set an "underweight" rating on the stock in a research note on Friday, March 21st. Royal Bank of Canada restated a "sector perform" rating and set a $503.00 price target on shares of FactSet Research Systems in a research note on Tuesday. UBS Group reduced their price objective on FactSet Research Systems from $525.00 to $480.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets reduced their price objective on FactSet Research Systems from $498.00 to $466.00 and set a "market perform" rating on the stock in a research note on Monday, March 24th. Finally, Wells Fargo & Company cut FactSet Research Systems from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $450.00 to $402.00 in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $440.22.

FactSet Research Systems Stock Performance

The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.93 and a beta of 0.86. 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 firm has a 50 day moving average price of $439.93 and a 200-day moving average price of $456.78.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to analysts' expectations of $570.65 million. During the same period last year, the firm earned $4.22 earnings per share. FactSet Research Systems's quarterly revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts expect that FactSet Research Systems Inc. will post 17.21 earnings per share for the current fiscal year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 30th will be paid a $1.10 dividend. The ex-dividend date is Friday, May 30th. This is a boost from FactSet Research Systems's previous quarterly dividend of $1.04. This represents a $4.40 dividend on an annualized basis and a yield of 1.02%. FactSet Research Systems's dividend payout ratio (DPR) is currently 31.29%.

Insider Buying and Selling at FactSet Research Systems

In other news, CAO Gregory T. Moskoff sold 363 shares of FactSet Research Systems stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Trading of FactSet Research Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Apeiron RIA LLC increased its position in shares of FactSet Research Systems by 6.7% during the first quarter. Apeiron RIA LLC now owns 945 shares of the business services provider's stock worth $430,000 after purchasing an additional 59 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider's stock worth $45,000 after purchasing an additional 64 shares in the last quarter. Intech Investment Management LLC increased its position in shares of FactSet Research Systems by 7.9% during the first quarter. Intech Investment Management LLC now owns 8,404 shares of the business services provider's stock worth $3,821,000 after purchasing an additional 617 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of FactSet Research Systems by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 301,336 shares of the business services provider's stock worth $136,999,000 after purchasing an additional 3,514 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of FactSet Research Systems by 1,560.4% during the first quarter. Woodline Partners LP now owns 37,891 shares of the business services provider's stock worth $17,227,000 after purchasing an additional 35,609 shares in 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.