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.
Analyst Ratings Changes
A number of brokerages have recently issued reports on FDS. Deutsche Bank Aktiengesellschaft increased their price target on shares of FactSet Research Systems from $418.00 to $463.00 in a report on Wednesday. Redburn Partners started coverage on shares of FactSet Research Systems in a research report on Tuesday, May 17th. They issued a "sell" rating on the stock. Credit Suisse Group decreased 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. StockNews.com cut shares of FactSet Research Systems from a "buy" rating to a "hold" rating in a research report on Sunday, June 26th. Finally, Barclays decreased 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $413.13.
FactSet Research Systems Stock Up 1.8 %
Shares of NYSE:FDS opened at $441.07 on Friday. FactSet Research Systems has a one year low of $345.92 and a one year high of $495.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.12 and a quick ratio of 2.12. The firm's 50 day simple moving average is $394.77 and its two-hundred day simple moving average is $403.63. The stock has a market capitalization of $16.75 billion, a P/E ratio of 43.28, a PEG ratio of 3.27 and a beta of 0.80.
FactSet Research Systems (NYSE:FDS - Get Rating) last issued its quarterly earnings results on Thursday, June 23rd. The business services provider reported $3.76 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $476.06 million. During the same period last year, the business earned $2.72 earnings per share. As a group, analysts expect that FactSet Research Systems will post 13.48 EPS for the current fiscal year.
FactSet Research Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, August 30th. FactSet Research Systems's payout ratio is currently 34.94%.
Insider Buying and Selling at FactSet Research Systems
In other news, CEO Frederick Philip Snow sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,988 shares in the company, valued at $1,479,348.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Frederick Philip Snow sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,988 shares in the company, valued at $1,479,348.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Reeve sold 335 shares of the firm's stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $401.55, for a total transaction of $134,519.25. Following the completion of the transaction, the executive vice president now owns 111 shares in the company, valued at approximately $44,572.05. The disclosure for this sale can be found here. Insiders have sold 11,407 shares of company stock worth $4,482,202 over the last ninety days. Insiders own 0.83% of the company's stock.