FactSet Research Systems Inc. (FDS) PT Set at $185.00 by Bank of America Corp.
FactSet Research Systems Inc. (NYSE:FDS) has been given a $185.00 target price by stock analysts at Bank of America Corp. in a research report issued to clients and investors on Thursday. The firm currently has a a “hold” rating on the stock. Bank of America Corp.’s price target would suggest a potential upside of 4.77% from the company’s current price.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Macquarie began coverage on shares of FactSet Research Systems in a research note on Thursday, August 25th. They issued a “neutral” rating and a $180.00 price target for the company. Barclays PLC upped their price target on shares of FactSet Research Systems from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Cantor Fitzgerald reaffirmed a “hold” rating on shares of FactSet Research Systems in a research note on Friday, August 19th. Finally, 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 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. FactSet Research Systems currently has an average rating of “Hold” and an average target price of $170.56.
FactSet Research Systems (NYSE:FDS) opened at 176.57 on Thursday. The stock’s 50 day moving average is $175.51 and its 200-day moving average is $160.78. FactSet Research Systems has a 52 week low of $135.95 and a 52 week high of $183.17. The stock has a market capitalization of $7.18 billion, a PE ratio of 28.66 and a beta of 0.68.
FactSet Research Systems (NYSE:FDS) last posted its earnings results on Tuesday, June 28th. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.03. The firm earned $287.50 million during the quarter. FactSet Research Systems had a net margin of 23.30% and a return on equity of 47.11%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. Equities research analysts forecast that FactSet Research Systems will post $6.40 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. FactSet Research Systems’s dividend payout ratio is currently 32.47%.
In other news, VP Matthew J. Mcnulty sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $167.50, for a total transaction of $167,500.00. Following the sale, the vice president now owns 3,016 shares in the company, valued at $505,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Mason Street Advisors LLC purchased a new stake in FactSet Research Systems during the second quarter worth about $3,009,000. Sterling Capital Management LLC raised its position in FactSet Research Systems by 0.8% in the second quarter. Sterling Capital Management LLC now owns 1,467 shares of the company’s stock valued at $237,000 after buying an additional 11 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in FactSet Research Systems by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 116,301 shares of the company’s stock valued at $18,774,000 after buying an additional 5,553 shares in the last quarter. Stifel Financial Corp raised its position in FactSet Research Systems by 9.6% in the second quarter. Stifel Financial Corp now owns 23,972 shares of the company’s stock valued at $3,870,000 after buying an additional 2,098 shares in the last quarter. Finally, Amalgamated Bank raised its position in FactSet Research Systems by 36.6% in the second quarter. Amalgamated Bank now owns 7,003 shares of the company’s stock valued at $1,209,000 after buying an additional 1,875 shares in the last quarter. Institutional investors and hedge funds 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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