FactSet Research Systems (NYSE:FDS) Research Coverage Started at Evercore ISI

05 Oct 2024, 19:25 by Doug Wharley · The Cerbat Gem

Evercore ISI started coverage on shares of FactSet Research Systems (NYSE:FDS – Free Report) in a report published on Wednesday morning, MarketBeat.com reports. The firm issued an inline rating and a $470.00 price objective on the business services provider’s stock.

FDS has been the subject of a number of other research reports. Morgan Stanley increased their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an underweight rating in a research report on Monday, June 24th. Wells Fargo & Company raised their price target on FactSet Research Systems from $435.00 to $503.00 and gave the stock an equal weight rating in a research report on Friday, September 20th. BMO Capital Markets boosted their price objective on FactSet Research Systems from $440.00 to $471.00 and gave the company a market perform rating in a report on Friday, September 20th. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a hold rating on the stock in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada lifted their target price on FactSet Research Systems from $464.00 to $503.00 and gave the company a sector perform rating in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems has a consensus rating of Hold and an average price target of $448.46.

Get Our Latest Stock Report on FactSet Research Systems

FactSet Research Systems Trading Down 0.5 %

FDS opened at $457.00 on Wednesday. The business’s 50 day moving average price is $427.81 and its 200 day moving average price is $427.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.79 and a current ratio of 1.25. The stock has a market capitalization of $17.38 billion, a PE ratio of 34.46, a P/E/G ratio of 3.11 and a beta of 0.75. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS – Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the company earned $2.93 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that FactSet Research Systems will post 17.16 EPS for the current year.

FactSet Research Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, August 30th. FactSet Research Systems’s dividend payout ratio is presently 31.37%.

Insider Transactions at FactSet Research Systems

In related news, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at $10,726,367.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher R. Ellis sold 13,952 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 23,515 shares of the company’s stock, valued at approximately $10,726,367.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,362 shares of company stock valued at $12,688,945. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently bought and sold shares of FDS. UMB Bank n.a. lifted its holdings in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 39 shares during the last quarter. Crewe Advisors LLC increased its position in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after buying an additional 60 shares during the period. Quest Partners LLC lifted its stake in FactSet Research Systems by 6,700.0% in the second quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of FactSet Research Systems in the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. grew its position in shares of FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after acquiring an additional 66 shares during the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

About FactSet Research Systems

(Get Free Report)