FactSet Research Systems Inc. (NYSE:FDS) Receives Consensus Recommendation of “Reduce” from Brokerages

FactSet Research Systems Inc. (NYSE:FDS) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $448.00.

A number of brokerages have weighed in on FDS. BMO Capital Markets decreased their target price on FactSet Research Systems from $498.00 to $466.00 and set a “market perform” rating for the company in a research report on Monday, March 24th. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $450.00 to $402.00 in a research report on Friday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Tuesday, June 3rd. Morgan Stanley reduced their price target on shares of FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a research report on Friday, March 21st. Finally, UBS Group reduced their price target on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st.

Insider Activity at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $433.73, for a total transaction of $157,443.99. Following the completion of the transaction, the chief accounting officer now directly owns 44 shares in the company, valued at approximately $19,084.12. The trade was a 89.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDS. SouthState Corp grew its stake in shares of FactSet Research Systems by 1,400.0% during the 1st quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 84 shares during the period. WPG Advisers LLC bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $41,000. Finally, American National Bank & Trust bought a new position in shares of FactSet Research Systems during the 1st quarter valued at approximately $44,000. 91.24% of the stock is currently owned by institutional investors.

FactSet Research Systems Price Performance

Shares of NYSE:FDS opened at $432.76 on Tuesday. FactSet Research Systems has a fifty-two week low of $391.69 and a fifty-two week high of $499.87. The business has a 50-day simple moving average of $439.46 and a two-hundred day simple moving average of $456.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analyst estimates of $570.65 million. During the same quarter in the previous year, the firm earned $4.22 EPS. FactSet Research Systems’s revenue was up 4.5% on a year-over-year basis. On average, analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current year.

FactSet Research Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.40 annualized dividend and a dividend yield of 1.02%. This is a positive change from FactSet Research Systems’s previous quarterly dividend of $1.04. FactSet Research Systems’s dividend payout ratio is presently 31.29%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.