FactSet Research Systems (FDS) Hits New 12-Month High at $205.33
FactSet Research Systems Inc. (NYSE:FDS) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $205.33 and last traded at $204.05, with a volume of 301000 shares. The stock had previously closed at $202.07.
Several brokerages recently commented on FDS. Northcoast Research cut FactSet Research Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 5th. Zacks Investment Research raised FactSet Research Systems from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research report on Tuesday, November 28th. Goldman Sachs Group began coverage on FactSet Research Systems in a research report on Wednesday, November 8th. They issued a “neutral” rating and a $194.00 target price for the company. Morgan Stanley raised their target price on FactSet Research Systems from $166.00 to $171.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $205.00 target price (up from $200.00) on shares of FactSet Research Systems in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. FactSet Research Systems currently has a consensus rating of “Hold” and a consensus target price of $180.73.
The company has a debt-to-equity ratio of 1.03, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $7,980.00, a P/E ratio of 27.64, a PEG ratio of 2.29 and a beta of 0.97.
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, topping the consensus estimate of $1.89 by $0.01. FactSet Research Systems had a return on equity of 55.76% and a net margin of 21.15%. The firm had revenue of $326.60 million during the quarter, compared to analyst estimates of $325.26 million. During the same period in the prior year, the company posted $1.69 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. sell-side analysts anticipate that FactSet Research Systems Inc. will post 8.18 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.24 annualized dividend and a yield of 1.10%. FactSet Research Systems’s dividend payout ratio is currently 34.41%.
In other news, COO Mark J. Hale sold 9,458 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $180.34, for a total value of $1,705,655.72. Following the completion of the sale, the chief operating officer now directly owns 11,314 shares in the company, valued at $2,040,366.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew J. Mcnulty sold 1,049 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $181.00, for a total value of $189,869.00. Following the completion of the sale, the vice president now owns 2,499 shares of the company’s stock, valued at $452,319. The disclosure for this sale can be found here. Insiders have sold 17,841 shares of company stock valued at $3,224,739 over the last quarter. Corporate insiders own 2.80% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of FactSet Research Systems by 0.9% in the second quarter. Vanguard Group Inc. now owns 3,586,640 shares of the business services provider’s stock valued at $596,028,000 after buying an additional 32,331 shares in the last quarter. BlackRock Inc. increased its stake in shares of FactSet Research Systems by 0.3% in the second quarter. BlackRock Inc. now owns 3,159,707 shares of the business services provider’s stock valued at $525,082,000 after buying an additional 8,480 shares in the last quarter. Bamco Inc. NY increased its stake in shares of FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 3,002,332 shares of the business services provider’s stock valued at $540,750,000 after buying an additional 9,070 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of FactSet Research Systems by 5.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 906,115 shares of the business services provider’s stock valued at $163,201,000 after buying an additional 50,562 shares in the last quarter. Finally, Bares Capital Management Inc. increased its stake in shares of FactSet Research Systems by 9.7% in the third quarter. Bares Capital Management Inc. now owns 672,267 shares of the business services provider’s stock valued at $121,082,000 after buying an additional 59,249 shares in the last quarter. Institutional investors own 93.73% of the company’s stock.
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FactSet Research Systems Company Profile
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.
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