FactSet Research Systems (NYSE:FDS) had its target price decreased by Morgan Stanley from $207.00 to $200.00 in a report released on Tuesday morning, Marketbeat.com reports. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

FDS has been the topic of several other reports. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $188.00 to $223.00 and gave the stock a hold rating in a research note on Wednesday, September 26th. Wells Fargo & Co boosted their price objective on shares of FactSet Research Systems from $190.00 to $225.00 and gave the stock a market perform rating in a research note on Wednesday, September 26th. Barclays boosted their price objective on shares of FactSet Research Systems from $185.00 to $210.00 and gave the stock an underweight rating in a research note on Wednesday, September 26th. Cantor Fitzgerald boosted their price objective on shares of FactSet Research Systems from $203.00 to $219.00 and gave the stock a neutral rating in a research note on Wednesday, September 26th. Finally, Bank of America boosted their price objective on shares of FactSet Research Systems from $214.00 to $245.00 and gave the stock a neutral rating in a research note on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $219.36.

FDS stock traded down $2.37 during midday trading on Tuesday, reaching $202.70. The company’s stock had a trading volume of 12,591 shares, compared to its average volume of 365,384. FactSet Research Systems has a 52 week low of $184.48 and a 52 week high of $237.95. The stock has a market cap of $7.81 billion, a PE ratio of 23.81, a PEG ratio of 2.12 and a beta of 1.05. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.95 and a current ratio of 2.49.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $351.60 million for the quarter, compared to analysts’ expectations of $349.92 million. FactSet Research Systems had a net margin of 20.47% and a return on equity of 62.54%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.04 earnings per share. As a group, sell-side analysts predict that FactSet Research Systems will post 9.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 18th. Investors of record on Friday, November 30th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, November 29th. FactSet Research Systems’s payout ratio is 30.01%.

In other news, Director Robin Ann Abrams sold 2,239 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $204.45, for a total value of $457,763.55. Following the completion of the transaction, the director now directly owns 5,244 shares in the company, valued at approximately $1,072,135.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Zimmel sold 2,622 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $195.74, for a total transaction of $513,230.28. Following the completion of the transaction, the director now owns 5,041 shares of the company’s stock, valued at $986,725.34. The disclosure for this sale can be found here. Insiders sold a total of 7,899 shares of company stock valued at $1,580,246 in the last three months. Insiders own 2.30% of the company’s stock.

Several large investors have recently modified their holdings of FDS. Wells Fargo & Company MN raised its position in shares of FactSet Research Systems by 5.1% in the 3rd quarter. Wells Fargo & Company MN now owns 2,077,969 shares of the business services provider’s stock valued at $464,863,000 after buying an additional 100,449 shares in the last quarter. Renaissance Technologies LLC increased its position in FactSet Research Systems by 44.3% during the 3rd quarter. Renaissance Technologies LLC now owns 313,750 shares of the business services provider’s stock worth $70,189,000 after purchasing an additional 96,250 shares in the last quarter. Millennium Management LLC increased its position in FactSet Research Systems by 2,670.0% during the 2nd quarter. Millennium Management LLC now owns 61,162 shares of the business services provider’s stock worth $12,116,000 after purchasing an additional 58,954 shares in the last quarter. Schroder Investment Management Group increased its position in FactSet Research Systems by 32.8% during the 2nd quarter. Schroder Investment Management Group now owns 214,490 shares of the business services provider’s stock worth $42,358,000 after purchasing an additional 52,955 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in FactSet Research Systems by 1.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,086,895 shares of the business services provider’s stock worth $690,570,000 after purchasing an additional 51,270 shares in the last quarter. Institutional investors own 92.35% of the company’s stock.

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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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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