Zacks Investment Research cut shares of FactSet Research Systems (NYSE:FDS) from a buy rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “FactSet is one of the leading providers of integrated data-related products and services to the investment community. It looks strong on the back of higher organic revenues, increase in annual subscription value and robust global network. Acquisitions have been a key growth catalyst. The company’s efforts to reward its shareholders through share buybacks and dividend payments are appreciable. The company has outperformed the industry’s growth in the past year. Despite such tailwinds, FactSet continues to face stiff competition from other players providing financial market data, analytics and related services, in the market. Pricing pressure is a major concern. While multiple acquisitions increase the company’s exposure to integration risks, global presence makes it vulnerable to foreign currency risk. A debt-laden balance sheet is another major concern.”

A number of other research analysts have also issued reports on FDS. Bank of America upped their target price on shares of FactSet Research Systems from $210.00 to $214.00 and gave the company a neutral rating in a report on Wednesday, April 18th. ValuEngine upgraded shares of FactSet Research Systems from a hold rating to a buy rating in a report on Thursday, June 21st. Cantor Fitzgerald restated a hold rating and issued a $203.00 target price on shares of FactSet Research Systems in a report on Tuesday, June 26th. Stifel Nicolaus upped their target price on shares of FactSet Research Systems from $184.00 to $188.00 and gave the company a hold rating in a report on Wednesday, June 27th. Finally, Morgan Stanley upped their target price on shares of FactSet Research Systems from $192.00 to $194.00 and gave the company an equal weight rating in a report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. FactSet Research Systems currently has a consensus rating of Hold and an average target price of $196.23.

FactSet Research Systems traded down $1.52, reaching $212.49, on Thursday, MarketBeat Ratings reports. The stock had a trading volume of 299,247 shares, compared to its average volume of 281,542. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.07. FactSet Research Systems has a 12-month low of $155.09 and a 12-month high of $217.94.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, June 26th. The business services provider reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.05. The company had revenue of $339.90 million for the quarter, compared to analyst estimates of $339.65 million. FactSet Research Systems had a net margin of 19.37% and a return on equity of 55.91%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. equities research analysts forecast that FactSet Research Systems will post 8.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.20%. FactSet Research Systems’s payout ratio is currently 35.02%.

In related news, CFO Maurizio Nicolelli sold 10,487 shares of the stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $203.89, for a total transaction of $2,138,194.43. Following the completion of the sale, the chief financial officer now owns 11,352 shares of the company’s stock, valued at approximately $2,314,559.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip A. Hadley sold 70,000 shares of the stock in a transaction that occurred on Friday, July 13th. The stock was sold at an average price of $203.63, for a total transaction of $14,254,100.00. Following the sale, the director now directly owns 651,191 shares of the company’s stock, valued at approximately $132,602,023.33. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its position in FactSet Research Systems by 2.2% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 12,120 shares of the business services provider’s stock worth $2,417,000 after purchasing an additional 260 shares in the last quarter. Capital Insight Partners LLC increased its position in FactSet Research Systems by 2.7% during the 2nd quarter. Capital Insight Partners LLC now owns 10,108 shares of the business services provider’s stock worth $2,002,000 after purchasing an additional 268 shares in the last quarter. Stephens Inc. AR increased its position in FactSet Research Systems by 3.6% during the 1st quarter. Stephens Inc. AR now owns 7,926 shares of the business services provider’s stock worth $1,581,000 after purchasing an additional 277 shares in the last quarter. Capital Investment Services of America Inc. increased its position in FactSet Research Systems by 0.5% during the 2nd quarter. Capital Investment Services of America Inc. now owns 53,412 shares of the business services provider’s stock worth $10,581,000 after purchasing an additional 278 shares in the last quarter. Finally, Aperio Group LLC increased its position in FactSet Research Systems by 2.4% during the 1st quarter. Aperio Group LLC now owns 11,762 shares of the business services provider’s stock worth $2,346,000 after purchasing an additional 280 shares in the last quarter. 93.02% of the stock is owned by hedge funds and other institutional investors.

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. It delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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