Morgan Stanley Boosts FactSet Research Systems (NYSE:FDS) Price Target to $409.00

FactSet Research Systems (NYSE:FDS) had its target price boosted by Morgan Stanley from $373.00 to $409.00 in a report published on Thursday,Benzinga reports. They currently have an underweight rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a report on Friday, November 15th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. Evercore ISI began coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price target on the stock. UBS Group increased their price target on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $451.85.

FactSet Research Systems Trading Down 0.3 %

FDS opened at $488.68 on Thursday. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. The company’s 50 day simple moving average is $473.82 and its two-hundred day simple moving average is $439.90. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. During the same quarter in the previous year, the company posted $2.93 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, November 29th. FactSet Research Systems’s payout ratio is currently 29.93%.

Insider Buying and Selling at FactSet Research Systems

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now owns 12,987 shares in the company, valued at $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the completion of the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,984 shares of company stock valued at $10,981,107 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in FactSet Research Systems in the third quarter valued at $26,000. UMB Bank n.a. raised its position in shares of FactSet Research Systems by 144.4% during the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC raised its position in shares of FactSet Research Systems by 750.0% during the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after acquiring an additional 60 shares in the last quarter. Quest Partners LLC lifted its stake in FactSet Research Systems by 6,700.0% during the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in FactSet Research Systems in the second quarter valued at approximately $33,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.