FactSet Research Systems Inc. (FDS) PT Set at $185.00 by Bank of America Corp.
FactSet Research Systems Inc. (NYSE:FDS) received a $185.00 target price from investment analysts at Bank of America Corp. in a research report issued to clients and investors on Thursday. The firm presently has a a “hold” rating on the stock. Bank of America Corp.’s price target would indicate a potential upside of 4.77% from the company’s previous close.
FDS has been the topic of several other research reports. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Wednesday, June 29th. Zacks Investment Research raised shares of FactSet Research Systems from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Credit Suisse Group AG began coverage on shares of FactSet Research Systems in a research note on Monday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $161.00 target price on shares of FactSet Research Systems in a research note on Thursday, June 30th. Finally, Barclays PLC raised their target price on shares of FactSet Research Systems from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $170.56.
FactSet Research Systems (NYSE:FDS) opened at 176.57 on Thursday. FactSet Research Systems has a 1-year low of $135.95 and a 1-year high of $183.17. The firm has a 50-day moving average of $175.51 and a 200 day moving average of $160.78. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 28.66 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.03. The company had revenue of $287.50 million for the quarter. FactSet Research Systems had a net margin of 23.30% and a return on equity of 47.11%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Analysts expect that FactSet Research Systems will post $6.40 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, August 29th. This represents a $2.00 annualized dividend and a yield of 1.13%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 32.47%.
In other FactSet Research Systems news, Director Joseph E. Laird, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $161.00, for a total transaction of $161,000.00. Following the sale, the director now directly owns 3,500 shares in the company, valued at approximately $563,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of FDS. Penserra Capital Management LLC increased its stake in FactSet Research Systems by 37.7% in the second quarter. Penserra Capital Management LLC now owns 712 shares of the company’s stock worth $115,000 after buying an additional 195 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in FactSet Research Systems by 571.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 940 shares of the company’s stock worth $152,000 after buying an additional 800 shares during the period. Glenmede Trust Co. NA increased its stake in FactSet Research Systems by 1.1% in the second quarter. Glenmede Trust Co. NA now owns 1,142 shares of the company’s stock worth $184,000 after buying an additional 12 shares during the period. Southeast Asset Advisors Inc. acquired a new stake in FactSet Research Systems during the second quarter worth about $202,000. Finally, Wesbanco Bank Inc. acquired a new stake in FactSet Research Systems during the second quarter worth about $208,000. Institutional investors own 94.31% of the company’s stock.
About FactSet Research Systems
FactSet Research Systems Inc (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S., Europe and Asia Pacific. Sales, consulting, data collection, product development and software engineering are the primary functional groups within the U.S., Europe and Asia Pacific segments that provide global financial and economic information to investment managers, investment banks and other financial services professionals.
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