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

Shares of FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) have been assigned an average rating of "Reduce" from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $442.70.

A number of analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of FactSet Research Systems in a report on Thursday, April 11th. They issued an "underperform" rating and a $430.00 price target on the stock. Stifel Nicolaus reaffirmed a "hold" rating and set a $469.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. Royal Bank of Canada reissued a "sector perform" rating and set a $464.00 price target on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets increased their price objective on shares of FactSet Research Systems from $447.00 to $458.00 and gave the stock a "market perform" rating in a research note on Monday, March 25th. Finally, The Goldman Sachs Group boosted their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the company a "sell" rating in a research report on Friday, March 22nd.

Insider Transactions at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction on Monday, April 1st. The shares were sold at an average price of $452.10, for a total value of $1,356,300.00. Following the sale, the chief executive officer now owns 12,915 shares of the company's stock, valued at approximately $5,838,871.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in shares of FactSet Research Systems by 6.5% during the fourth quarter. Signaturefd LLC now owns 375 shares of the business services provider's stock valued at $179,000 after acquiring an additional 23 shares during the last quarter. Drive Wealth Management LLC raised its stake in FactSet Research Systems by 5.2% in the 4th quarter. Drive Wealth Management LLC now owns 487 shares of the business services provider's stock valued at $233,000 after purchasing an additional 24 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in FactSet Research Systems by 19.1% in the 1st quarter. Global Retirement Partners LLC now owns 168 shares of the business services provider's stock valued at $76,000 after purchasing an additional 27 shares in the last quarter. Procyon Advisors LLC boosted its stake in FactSet Research Systems by 0.4% during the 1st quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider's stock worth $2,948,000 after purchasing an additional 27 shares during the last quarter. Finally, Institutional & Family Asset Management LLC grew its holdings in shares of FactSet Research Systems by 0.3% during the third quarter. Institutional & Family Asset Management LLC now owns 9,660 shares of the business services provider's stock worth $4,224,000 after buying an additional 29 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Up 0.3 %

Shares of FDS traded up $1.47 during mid-day trading on Monday, hitting $422.94. The company's stock had a trading volume of 206,698 shares, compared to its average volume of 241,014. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 33.49, a PEG ratio of 2.59 and a beta of 0.72. The company's 50-day moving average is $449.84 and its 200-day moving average is $454.81. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.83. FactSet Research Systems has a 52-week low of $380.96 and a 52-week high of $488.64.

FactSet Research Systems (NYSE:FDS - Get Free Report) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, topping analysts' consensus estimates of $3.83 by $0.39. The company had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, equities research analysts forecast that FactSet Research Systems will post 15.83 EPS for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 0.93%. The ex-dividend date was Wednesday, February 28th. FactSet Research Systems's payout ratio is currently 31.04%.

About FactSet Research Systems

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.