FactSet Research Systems Inc. (NYSE:FDS) Receives $253.00 Consensus PT from Analysts
FactSet Research Systems Inc. (NYSE:FDS) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $253.00.
A number of equities analysts have weighed in on FDS shares. Goldman Sachs Group lowered FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $256.00 to $246.00 in a research note on Thursday, June 27th. Bank of America lifted their price objective on FactSet Research Systems from $290.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. DA Davidson lifted their price objective on FactSet Research Systems from $214.00 to $252.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Morgan Stanley lowered FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $264.00 to $263.00 in a research note on Tuesday, July 16th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a research note on Monday, July 8th.
In related news, CEO Frederick Philip Snow sold 1,186 shares of FactSet Research Systems stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $278.41, for a total value of $330,194.26. Following the completion of the transaction, the chief executive officer now owns 4,980 shares in the company, valued at approximately $1,386,481.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian G. Daly sold 473 shares of FactSet Research Systems stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $294.17, for a total value of $139,142.41. Following the completion of the transaction, the insider now owns 735 shares of the company’s stock, valued at approximately $216,214.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,314 shares of company stock valued at $21,474,848. 2.30% of the stock is owned by company insiders.
Shares of NYSE FDS traded up $5.29 during trading on Tuesday, reaching $279.24. 307,794 shares of the company traded hands, compared to its average volume of 330,735. The company has a fifty day moving average price of $284.54. The firm has a market cap of $10.65 billion, a PE ratio of 32.74, a P/E/G ratio of 2.91 and a beta of 1.00. FactSet Research Systems has a 12-month low of $188.31 and a 12-month high of $305.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.87 and a current ratio of 2.87.
FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.25. The business had revenue of $364.50 million during the quarter, compared to analyst estimates of $359.25 million. FactSet Research Systems had a return on equity of 64.19% and a net margin of 23.30%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. As a group, equities analysts expect that FactSet Research Systems will post 9.86 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be paid a $0.72 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.03%. FactSet Research Systems’s dividend payout ratio is presently 33.76%.
About FactSet Research Systems
FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.
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