Cantor Fitzgerald reissued their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Sunday. The firm currently has a $209.00 price objective on the business services provider’s stock.

“Our Neutral rating on FactSet is based on our concerns regarding the potential impact from recent economic volatility on Financial Services spending. The company is working to offset weakness in its core business with growth from new services. We expect future quarters to provide better visibility on the possible timing of a reacceleration of organic growth rates that could come from large contracts and further color on margin expansion. Valuation Summary Our PT is $209 based on 22x our 2019 non-GAAP EPS estimate.”,” Cantor Fitzgerald’s analyst wrote.

A number of other research firms also recently issued reports on FDS. Wells Fargo & Co boosted their price objective on shares of FactSet Research Systems from $190.00 to $225.00 and gave the company a market perform rating in a report on Wednesday, September 26th. Stifel Nicolaus boosted their price objective on shares of FactSet Research Systems from $188.00 to $223.00 and gave the company a hold rating in a report on Wednesday, September 26th. Barclays boosted their price objective on shares of FactSet Research Systems from $185.00 to $210.00 and gave the company an underweight rating in a report on Wednesday, September 26th. Bank of America boosted their price objective on shares of FactSet Research Systems from $214.00 to $245.00 and gave the company a neutral rating in a report on Wednesday, September 26th. Finally, Credit Suisse Group assumed coverage on shares of FactSet Research Systems in a report on Friday, December 7th. They issued a neutral rating and a $238.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $219.36.

Shares of FDS opened at $203.71 on Friday. FactSet Research Systems has a 52 week low of $184.48 and a 52 week high of $237.95. The stock has a market capitalization of $7.81 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.12 and a beta of 1.05. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, December 18th. The business services provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.06. FactSet Research Systems had a net margin of 20.47% and a return on equity of 62.54%. The business had revenue of $351.60 million for the quarter, compared to analyst estimates of $349.92 million. During the same quarter in the prior year, the business earned $2.04 EPS. FactSet Research Systems’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts expect that FactSet Research Systems will post 9.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 29th. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.01%.

In related news, Director Joseph Zimmel sold 2,622 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $195.74, for a total value of $513,230.28. Following the completion of the transaction, the director now owns 5,041 shares of the company’s stock, valued at approximately $986,725.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 1,182 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $200.00, for a total transaction of $236,400.00. Following the completion of the transaction, the chief executive officer now directly owns 4,870 shares of the company’s stock, valued at approximately $974,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,899 shares of company stock valued at $1,580,246. 2.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Moody National Bank Trust Division bought a new position in FactSet Research Systems in the 4th quarter valued at approximately $48,000. Bruderman Asset Management LLC bought a new position in FactSet Research Systems in the 2nd quarter valued at approximately $112,000. Quantbot Technologies LP bought a new position in FactSet Research Systems in the 3rd quarter valued at approximately $139,000. Paradigm Asset Management Co. LLC lifted its stake in FactSet Research Systems by 6.7% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 800 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 50 shares during the last quarter. Finally, Investment Partners LTD. bought a new position in FactSet Research Systems in the 3rd quarter valued at approximately $224,000. 92.35% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

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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