FactSet Research Systems Inc. (NYSE:FDS – Get Free Report)’s stock price traded down 7.4% during trading on Wednesday . The company traded as low as $199.44 and last traded at $199.8530. 162,291 shares traded hands during trading, a decline of 83% from the average session volume of 959,145 shares. The stock had previously closed at $215.92.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FDS. UBS Group reduced their price target on FactSet Research Systems from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Bank of America initiated coverage on FactSet Research Systems in a research report on Tuesday, February 17th. They issued an “underperform” rating and a $195.00 price objective for the company. The Goldman Sachs Group reduced their target price on FactSet Research Systems from $253.00 to $217.00 and set a “sell” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of FactSet Research Systems in a research report on Friday, March 27th. Finally, Barclays dropped their target price on shares of FactSet Research Systems from $300.00 to $210.00 and set an “underweight” rating on the stock in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Reduce” and an average price target of $279.85.
Read Our Latest Stock Report on FDS
FactSet Research Systems Price Performance
FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $604.78 million. During the same quarter last year, the firm posted $4.28 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts forecast that FactSet Research Systems Inc. will post 17.65 earnings per share for the current year.
FactSet Research Systems Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 29th will be issued a $1.16 dividend. This is a boost from FactSet Research Systems’s previous quarterly dividend of $1.10. This represents a $4.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. FactSet Research Systems’s payout ratio is 29.84%.
Institutional Investors Weigh In On FactSet Research Systems
A number of hedge funds have recently modified their holdings of FDS. Running Oak Capital LLC lifted its holdings in shares of FactSet Research Systems by 14.0% in the 3rd quarter. Running Oak Capital LLC now owns 41,335 shares of the business services provider’s stock valued at $11,842,000 after purchasing an additional 5,072 shares during the last quarter. Mattern Capital Management LLC raised its stake in shares of FactSet Research Systems by 48.8% during the fourth quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after purchasing an additional 9,971 shares during the last quarter. Nuance Investments LLC acquired a new stake in shares of FactSet Research Systems during the third quarter worth $2,733,000. Fiera Capital Corp grew its position in FactSet Research Systems by 5.3% in the 3rd quarter. Fiera Capital Corp now owns 280,187 shares of the business services provider’s stock valued at $80,271,000 after buying an additional 14,133 shares during the last quarter. Finally, Financial Strategies Group Inc. acquired a new position in FactSet Research Systems in the 3rd quarter valued at $7,920,000. Hedge funds and other 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.
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