FactSet Research Systems (NYSE:FDS) Shares Down 4.5%

FactSet Research Systems Inc. (NYSE:FDS - Get Free Report) traded down 4.5% on Tuesday . The stock traded as low as $418.65 and last traded at $418.67. 97,544 shares were traded during mid-day trading, a decline of 59% from the average session volume of 238,277 shares. The stock had previously closed at $438.43.

Wall Street Analyst Weigh In

FDS has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the company a "market perform" rating in a research note on Monday, March 25th. Barclays reiterated an "equal weight" rating and issued a $460.00 price objective (down previously from $480.00) on shares of FactSet Research Systems in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research initiated coverage on FactSet Research Systems in a research note on Thursday, April 11th. They issued an "underperform" rating and a $430.00 price objective for the company. Finally, Oppenheimer reiterated a "market perform" rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, FactSet Research Systems presently has an average rating of "Hold" and an average price target of $442.70.

FactSet Research Systems Price Performance

The stock has a fifty day moving average of $452.97 and a two-hundred day moving average of $455.67. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.72. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83.

FactSet Research Systems (NYSE:FDS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $545.95 million for 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 anticipate that FactSet Research Systems Inc. will post 15.83 earnings per share for the current year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.92 annualized dividend and a yield of 0.93%. FactSet Research Systems's dividend payout ratio (DPR) is presently 31.04%.

Insider Buying and Selling

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $476.02, for a total transaction of $1,428,060.00. Following the completion of the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $6,147,798.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds have recently bought and sold shares of the business. Criterion Capital Advisors LLC bought a new position in FactSet Research Systems during the 4th quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in shares of FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider's stock worth $37,000 after purchasing an additional 35 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of FactSet Research Systems by 820.0% in the 3rd quarter. Larson Financial Group LLC now owns 92 shares of the business services provider's stock worth $40,000 after purchasing an additional 82 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in shares of FactSet Research Systems by 69.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 83 shares of the business services provider's stock worth $40,000 after purchasing an additional 34 shares during the last quarter. Finally, Smithfield Trust Co lifted its holdings in shares of FactSet Research Systems by 51.6% in the 4th quarter. Smithfield Trust Co now owns 94 shares of the business services provider's stock worth $44,000 after purchasing an additional 32 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.