FactSet Research Systems (NYSE:FDS) had its price target boosted by UBS Group from $226.00 to $298.00 in a report released on Friday, BenzingaRatingsTable reports. UBS Group currently has a sell rating on the business services provider’s stock.

Several other research analysts have also recently issued reports on the company. Deutsche Bank raised their target price on FactSet Research Systems from $237.00 to $293.00 and gave the stock a hold rating in a research report on Wednesday, June 3rd. Cantor Fitzgerald raised their target price on FactSet Research Systems from $240.00 to $258.00 and gave the stock a neutral rating in a research report on Friday, March 27th. Wells Fargo & Co raised their target price on FactSet Research Systems from $250.00 to $280.00 and gave the stock an equal weight rating in a research report on Friday. Morgan Stanley raised their target price on FactSet Research Systems from $215.00 to $220.00 and gave the stock an underweight rating in a research report on Wednesday, April 22nd. Finally, Northcoast Research downgraded FactSet Research Systems from a neutral rating to a sell rating and set a $240.00 price objective on the stock. in a research note on Thursday, June 11th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $272.15.

Shares of NYSE:FDS opened at $326.80 on Friday. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.63 and a current ratio of 2.63. The stock’s 50-day simple moving average is $299.74 and its two-hundred day simple moving average is $278.91. FactSet Research Systems has a 52-week low of $195.22 and a 52-week high of $343.78.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.42. The business had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $376.35 million. FactSet Research Systems had a return on equity of 59.11% and a net margin of 25.45%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $2.62 earnings per share. As a group, equities analysts forecast that FactSet Research Systems will post 10.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Thursday, May 28th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. FactSet Research Systems’s dividend payout ratio (DPR) is 30.80%.

In related news, Director James J. Mcgonigle sold 2,500 shares of FactSet Research Systems stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $252.30, for a total transaction of $630,750.00. Following the sale, the director now owns 15,533 shares of the company’s stock, valued at approximately $3,918,975.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $248.86, for a total value of $440,233.34. Following the sale, the chief executive officer now directly owns 5,623 shares in the company, valued at approximately $1,399,339.78. The disclosure for this sale can be found here. Insiders have sold a total of 22,456 shares of company stock worth $6,127,564 in the last three months. 2.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in FactSet Research Systems by 27.0% during the 1st quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock valued at $412,207,000 after purchasing an additional 336,464 shares during the period. AXA increased its stake in FactSet Research Systems by 3.5% in the 1st quarter. AXA now owns 14,927 shares of the business services provider’s stock worth $3,891,000 after acquiring an additional 499 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in FactSet Research Systems by 36.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 9,000 shares of the business services provider’s stock worth $2,346,000 after acquiring an additional 2,400 shares during the last quarter. Core Alternative Capital increased its stake in FactSet Research Systems by 137.0% in the 1st quarter. Core Alternative Capital now owns 19,944 shares of the business services provider’s stock worth $5,199,000 after acquiring an additional 11,529 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in FactSet Research Systems by 10.3% in the 1st quarter. State of Tennessee Treasury Department now owns 32,160 shares of the business services provider’s stock worth $8,383,000 after acquiring an additional 3,007 shares during the last quarter. 93.84% of the stock is currently owned by 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. 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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