FactSet Research Systems (NYSE:FDS) had its price objective lifted by Wells Fargo & Co from $250.00 to $280.00 in a report released on Friday, Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.
Several other analysts have also issued reports on the stock. Morgan Stanley upped their price target on shares of FactSet Research Systems from $215.00 to $220.00 and gave the stock an underweight rating in a research report on Wednesday, April 22nd. Deutsche Bank upped their price target on shares of FactSet Research Systems from $237.00 to $293.00 and gave the stock a hold rating in a research report on Wednesday, June 3rd. Northcoast Research lowered shares of FactSet Research Systems from a neutral rating to a sell rating and set a $240.00 price target on the stock. in a research report on Thursday, June 11th. Cantor Fitzgerald upped their price target on shares of FactSet Research Systems from $240.00 to $258.00 and gave the stock a neutral rating in a research report on Friday, March 27th. Finally, Oppenheimer reaffirmed a hold rating on shares of FactSet Research Systems in a research report on Thursday, June 25th. Five investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. FactSet Research Systems currently has a consensus rating of Hold and a consensus price target of $272.15.
Shares of FDS stock opened at $326.80 on Friday. The company’s fifty day simple moving average is $299.74 and its 200-day simple moving average is $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 firm 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 12 month low of $195.22 and a 12 month high of $343.78.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 29th were paid a $0.77 dividend. The ex-dividend date was Thursday, May 28th. This is an increase from FactSet Research Systems’s previous quarterly dividend of $0.72. This represents a $3.08 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is 30.80%.
In related news, CEO Frederick Philip Snow sold 1,769 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $308.22, for a total value of $545,241.18. Following the transaction, the chief executive officer now directly owns 3,887 shares in the company, valued at $1,198,051.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James J. Mcgonigle sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $252.30, for a total transaction of $630,750.00. Following the completion of the transaction, the director now owns 15,533 shares in the company, valued at $3,918,975.90. The disclosure for this sale can be found here. Insiders sold 22,456 shares of company stock worth $6,127,564 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in FDS. Archer Investment Corp acquired a new position in shares of FactSet Research Systems in the fourth quarter valued at about $33,000. Key Financial Inc acquired a new stake in FactSet Research Systems during the first quarter worth about $38,000. FIL Ltd acquired a new stake in FactSet Research Systems during the fourth quarter worth about $52,000. Marshall Wace LLP acquired a new stake in FactSet Research Systems during the first quarter worth about $85,000. Finally, PrairieView Partners LLC acquired a new stake in FactSet Research Systems during the first quarter worth about $104,000. Institutional investors and hedge funds own 93.84% of the company’s stock.
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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