FactSet Research Systems (NYSE:FDS) had its target price upped by Stifel Nicolaus from $230.00 to $310.00 in a research note published on Friday, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on FDS. Deutsche Bank increased their target price on FactSet Research Systems from $237.00 to $293.00 and gave the stock a hold rating in a research note on Wednesday, June 3rd. Wells Fargo & Co increased their target price on FactSet Research Systems from $250.00 to $280.00 and gave the stock an equal weight rating in a research note on Friday. Morgan Stanley increased their target price on FactSet Research Systems from $220.00 to $251.00 and gave the stock an underweight rating in a research note on Friday. DA Davidson increased their target price on FactSet Research Systems from $260.00 to $288.00 and gave the stock a neutral rating in a research note on Friday. Finally, Northcoast Research downgraded FactSet Research Systems from a neutral rating to a sell rating and set a $240.00 target price for the company. in a research note on Thursday, June 11th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. FactSet Research Systems has an average rating of Hold and a consensus price target of $272.15.

FDS opened at $326.80 on Friday. The business has a 50 day moving average price of $299.74 and a two-hundred day moving average price of $278.91. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.16. The company has a market cap of $12.45 billion, a PE ratio of 33.69, a P/E/G ratio of 3.67 and a beta of 0.78. 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 posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $2.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.42. The firm had revenue of $374.10 million during the quarter, compared to the consensus estimate of $376.35 million. FactSet Research Systems had a return on equity of 59.11% and a net margin of 25.45%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 EPS. As a group, sell-side analysts expect that FactSet Research Systems will post 10.53 EPS for the current fiscal year.

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

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 1,769 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $248.86, for a total transaction of $440,233.34. Following the sale, the chief executive officer now owns 5,623 shares in the company, valued at approximately $1,399,339.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rachel Rebecca Stern sold 6,441 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $278.20, for a total value of $1,791,886.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,456 shares of company stock worth $6,127,564. 2.30% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its holdings in shares of FactSet Research Systems by 258.8% during the fourth quarter. Bank of Montreal Can now owns 31,920 shares of the business services provider’s stock worth $8,563,000 after purchasing an additional 23,024 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of FactSet Research Systems by 9.4% during the first quarter. Franklin Resources Inc. now owns 42,716 shares of the business services provider’s stock worth $11,135,000 after purchasing an additional 3,686 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of FactSet Research Systems by 11.4% during the first quarter. Invesco Ltd. now owns 104,482 shares of the business services provider’s stock worth $27,236,000 after purchasing an additional 10,668 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of FactSet Research Systems by 6.5% during the first quarter. Mercer Global Advisors Inc. ADV now owns 1,400 shares of the business services provider’s stock worth $365,000 after purchasing an additional 85 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of FactSet Research Systems by 15.1% during the first quarter. Deutsche Bank AG now owns 52,959 shares of the business services provider’s stock worth $13,807,000 after purchasing an additional 6,958 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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.

Further Reading: Limitations of the P/E Growth ratio

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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