FactSet Research Systems (NYSE:FDS) Raised to Market Perform at Raymond James Financial

Raymond James Financial upgraded shares of FactSet Research Systems (NYSE:FDS - Free Report) from an underperform rating to a market perform rating in a research report report published on Thursday, Marketbeat.com reports.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an "underweight" rating in a report on Friday, June 20th. Evercore ISI reduced their price target on FactSet Research Systems from $470.00 to $448.00 and set an "in-line" rating on the stock in a research report on Monday, June 16th. UBS Group reissued a "neutral" rating on shares of FactSet Research Systems in a research report on Friday, June 20th. BMO Capital Markets upped 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $503.00 price target on shares of FactSet Research Systems in a research note on Friday, June 20th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $444.25.

FactSet Research Systems Trading Up 1.1%

NYSE:FDS traded up $4.96 during trading hours on Thursday, reaching $441.99. 713,030 shares of the stock were exchanged, compared to its average volume of 296,797. FactSet Research Systems has a twelve month low of $391.69 and a twelve month high of $499.87. The business has a 50-day moving average of $440.97 and a two-hundred day moving average of $450.60. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 2.85 and a beta of 0.86. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.66.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted 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). The firm had revenue of $585.52 million for 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 revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 EPS. On average, equities analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Increases Dividend

The business also recently announced 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 1.00%. This is an increase from FactSet Research Systems's previous quarterly dividend of $1.04. The ex-dividend date of this dividend was Friday, May 30th. FactSet Research Systems's dividend payout ratio (DPR) is 31.29%.

Institutional Trading of FactSet Research Systems

Several institutional investors and hedge funds have recently made changes to their positions in FDS. Bank of New York Mellon Corp lifted its stake in FactSet Research Systems by 11.2% in the fourth quarter. Bank of New York Mellon Corp now owns 276,779 shares of the business services provider's stock valued at $132,932,000 after buying an additional 27,836 shares during the last quarter. New York Life Investment Management LLC boosted its stake in FactSet Research Systems by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 5,084 shares of the business services provider's stock worth $2,442,000 after purchasing an additional 33 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in FactSet Research Systems by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 14,900 shares of the business services provider's stock worth $7,156,000 after purchasing an additional 300 shares during the period. Oppenheimer & Co. Inc. purchased a new position in FactSet Research Systems during the 4th quarter worth $215,000. Finally, Proficio Capital Partners LLC acquired a new position in FactSet Research Systems in the fourth quarter valued at $26,338,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.