FactSet Research Systems Inc., a financial data and analytics 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. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
FactSet Research Systems Stock Performance
FDS traded down $1.47 during trading on Friday, hitting $423.31. The company's stock had a trading volume of 140,690 shares, compared to its average volume of 193,240. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.66. FactSet Research Systems has a one year low of $345.92 and a one year high of $495.39. The firm has a market cap of $16.08 billion, a PE ratio of 41.54, a P/E/G ratio of 3.15 and a beta of 0.80. The business's 50 day simple moving average is $389.80 and its 200-day simple moving average is $403.34.
FactSet Research Systems (NYSE:FDS - Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.58. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The business had revenue of $488.75 million for the quarter, compared to the consensus estimate of $476.06 million. During the same period last year, the firm earned $2.72 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems will post 13.48 EPS for the current fiscal year.
FactSet Research Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be paid a $0.89 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 0.84%. FactSet Research Systems's dividend payout ratio (DPR) is presently 34.94%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of FactSet Research Systems from a "buy" rating to a "hold" rating in a research note on Sunday, June 26th. Royal Bank of Canada dropped their target price on shares of FactSet Research Systems from $525.00 to $475.00 and set an "outperform" rating on the stock in a research note on Friday, June 24th. Barclays lowered their price objective on shares of FactSet Research Systems from $550.00 to $440.00 and set an "overweight" rating on the stock in a research report on Friday, June 24th. Redburn Partners initiated coverage on shares of FactSet Research Systems in a research report on Tuesday, May 17th. They set a "sell" rating on the stock. Finally, Credit Suisse Group lowered their price objective on shares of FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating on the stock in a research report on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $407.50.
Insider Transactions at FactSet Research Systems
In other news, EVP Jonathan Reeve sold 335 shares of the stock in a transaction on Friday, July 8th. The shares were sold at an average price of $401.55, for a total value of $134,519.25. Following the completion of the sale, the executive vice president now directly owns 111 shares of the company's stock, valued at $44,572.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jonathan Reeve sold 335 shares of the stock in a transaction on Friday, July 8th. The shares were sold at an average price of $401.55, for a total value of $134,519.25. Following the completion of the sale, the executive vice president now directly owns 111 shares of the company's stock, valued at $44,572.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sheila B. Jordan sold 2,572 shares of the stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the completion of the sale, the director now directly owns 177 shares of the company's stock, valued at $69,233.55. The disclosure for this sale can be found here. Insiders sold a total of 11,407 shares of company stock valued at $4,482,202 over the last three months. Corporate insiders own 0.83% of the company's stock.
