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 Trading Up 1.8 %
Shares of FDS Stock opened at $441.07 on Monday. FactSet Research Systems has a twelve month low of $345.92 and a twelve month high of $495.39. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 43.28, a PEG ratio of 3.27 and a beta of 0.80. The company's 50-day moving average price is $394.77 and its 200-day moving average price is $403.61. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 1.66.
FactSet Research Systems (NYSE:FDS - Get Rating) last posted its earnings results on Thursday, June 23rd. The business services provider reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.58. The company had revenue of $488.75 million for the quarter, compared to analyst estimates of $476.06 million. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. During the same period in the previous year, the business posted $2.72 EPS. As a group, equities analysts predict that FactSet Research Systems will post 13.48 earnings per share for the current year.
FactSet Research Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $3.56 dividend on an annualized basis and a yield of 0.81%. FactSet Research Systems's dividend payout ratio is currently 34.94%.
Analysts Set New Price Targets
FDS has been the topic of several research analyst reports. StockNews.com lowered shares of FactSet Research Systems from a "buy" rating to a "hold" rating in a research report on Sunday, June 26th. Credit Suisse Group reduced their target price on FactSet Research Systems from $475.00 to $390.00 and set a "neutral" rating for the company in a report on Friday, June 24th. Stifel Nicolaus lowered their price target on FactSet Research Systems from $432.00 to $394.00 and set a "hold" rating on the stock in a research note on Friday, June 24th. Royal Bank of Canada reduced their price objective on FactSet Research Systems from $525.00 to $475.00 and set an "outperform" rating for the company in a research note on Friday, June 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on FactSet Research Systems from $418.00 to $463.00 in a report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $413.13.
Insider Activity
In related news, CEO Frederick Philip Snow sold 2,500 shares of the firm's stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $370.95, for a total transaction of $927,375.00. Following the completion of the sale, the chief executive officer now directly owns 3,988 shares of the company's stock, valued at approximately $1,479,348.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, Director Joseph Zimmel sold 1,000 shares of the company's stock in a transaction on Friday, June 24th. The stock was sold at an average price of $390.62, for a total transaction of $390,620.00. Following the transaction, the director now directly owns 1,542 shares in the company, valued at $602,336.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 2,500 shares of FactSet Research Systems stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $370.95, for a total value of $927,375.00. Following the completion of the sale, the chief executive officer now directly owns 3,988 shares of the company's stock, valued at $1,479,348.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,407 shares of company stock valued at $4,482,202 in the last quarter. Insiders own 0.83% of the company's stock.