Credit Suisse Group reissued their outperform rating on shares of FactSet Research Systems Inc. (NYSE:FDS) in a report published on Wednesday. The firm currently has a $200.00 target price on the business services provider’s stock, up from their prior target price of $190.00.

Several other equities research analysts have also issued reports on FDS. UBS AG reaffirmed a buy rating and issued a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Stifel Nicolaus reaffirmed a hold rating and issued a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, July 25th. Northcoast Research raised shares of FactSet Research Systems from a neutral rating to a buy rating and set a $195.00 price objective for the company in a research note on Thursday, September 21st. BidaskClub lowered shares of FactSet Research Systems from a hold rating to a sell rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research raised shares of FactSet Research Systems from a hold rating to a buy rating and set a $187.00 price objective for the company in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. FactSet Research Systems currently has a consensus rating of Hold and an average price target of $170.64.

Shares of FactSet Research Systems (FDS) traded up 0.58% during mid-day trading on Wednesday, reaching $180.11. The company had a trading volume of 495,487 shares. The company’s 50-day moving average is $160.34 and its 200 day moving average is $164.48. The stock has a market capitalization of $7.07 billion, a P/E ratio of 21.00 and a beta of 0.97. FactSet Research Systems has a 52-week low of $150.95 and a 52-week high of $183.64.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The business had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. During the same quarter in the previous year, the business earned $1.69 EPS. FactSet Research Systems’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts anticipate that FactSet Research Systems will post $8.03 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Thursday, August 31st were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, August 29th. FactSet Research Systems’s dividend payout ratio is 34.36%.

In other FactSet Research Systems news, Director Philip A. Hadley sold 100,017 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $168.99, for a total transaction of $16,901,872.83. Following the completion of the transaction, the director now owns 761,436 shares of the company’s stock, valued at approximately $128,675,069.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Philip A. Hadley sold 43,842 shares of the business’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $163.87, for a total transaction of $7,184,388.54. Following the transaction, the director now directly owns 666,494 shares of the company’s stock, valued at approximately $109,218,371.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,784 shares of company stock valued at $31,456,615. Company insiders own 2.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in shares of FactSet Research Systems by 16.6% during the 1st quarter. First Trust Advisors LP now owns 30,643 shares of the business services provider’s stock worth $5,053,000 after purchasing an additional 4,369 shares during the period. Suntrust Banks Inc. increased its holdings in shares of FactSet Research Systems by 4.0% during the 1st quarter. Suntrust Banks Inc. now owns 1,313 shares of the business services provider’s stock worth $215,000 after purchasing an additional 50 shares during the period. Karp Capital Management Corp bought a new position in shares of FactSet Research Systems during the 1st quarter worth about $1,749,000. Keybank National Association OH increased its holdings in shares of FactSet Research Systems by 2.9% during the 1st quarter. Keybank National Association OH now owns 2,373 shares of the business services provider’s stock worth $391,000 after purchasing an additional 66 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of FactSet Research Systems during the 1st quarter worth about $238,000. 93.72% of the stock is owned by hedge funds and other institutional investors.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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