FactSet Research Systems (NYSE:FDS) Trading Up 6.7% – Here’s Why

Shares of FactSet Research Systems Inc. (NYSE:FDS) traded up 6.7% during trading on Friday . The stock traded as high as $221.47 and last traded at $222.8930. Approximately 116,147 shares were traded during trading, a decline of 88% from the average daily volume of 954,445 shares. The stock had previously closed at $208.84.

Wall Street Analysts Forecast Growth

FDS has been the subject of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of FactSet Research Systems in a report on Wednesday. Royal Bank Of Canada dropped their target price on shares of FactSet Research Systems from $243.00 to $240.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group decreased their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. The Goldman Sachs Group cut FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company raised their target price on FactSet Research Systems from $195.00 to $200.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $267.69.

FactSet Research Systems Stock Up 9.4%

The firm has a market cap of $8.32 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.81 and a beta of 0.71. The stock’s fifty day moving average is $230.79 and its two-hundred day moving average is $239.53. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $0.09. FactSet Research Systems had a return on equity of 30.25% and a net margin of 24.48%.The company had revenue of $611.02 million during the quarter, compared to analyst estimates of $604.78 million. During the same quarter last year, the company earned $4.28 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that FactSet Research Systems Inc. will post 17.66 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 29th were given a dividend of $1.16 per share. This is an increase from FactSet Research Systems’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, May 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.0%. FactSet Research Systems’s dividend payout ratio is 29.84%.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently bought and sold shares of FDS. Northwestern Mutual Wealth Management Co. grew its position in FactSet Research Systems by 444,058.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,857,733 shares of the business services provider’s stock valued at $4,021,376,000 after acquiring an additional 13,854,613 shares during the last quarter. Bamco Inc. NY raised its stake in shares of FactSet Research Systems by 58.8% during the fourth quarter. Bamco Inc. NY now owns 2,888,845 shares of the business services provider’s stock valued at $838,314,000 after acquiring an additional 1,069,786 shares during the last quarter. AQR Capital Management LLC lifted its holdings in FactSet Research Systems by 4,547.4% in the 4th quarter. AQR Capital Management LLC now owns 705,062 shares of the business services provider’s stock worth $204,602,000 after buying an additional 689,891 shares during the period. Bank of Montreal Can lifted its stake in FactSet Research Systems by 1,843.9% in the fourth quarter. Bank of Montreal Can now owns 597,723 shares of the business services provider’s stock worth $173,453,000 after acquiring an additional 566,975 shares during the period. Finally, Norges Bank purchased a new stake in shares of FactSet Research Systems in the 4th quarter worth about $151,492,000. Institutional investors own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.