Credit Suisse Group Initiates Coverage on FactSet Research Systems (FDS)

Credit Suisse Group assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $238.00 target price on the business services provider’s stock.

Several other equities analysts have also commented on FDS. Zacks Investment Research lowered FactSet Research Systems from a buy rating to a hold rating in a research report on Thursday, August 9th. Morgan Stanley set a $210.00 price target on FactSet Research Systems and gave the stock a hold rating in a research report on Thursday, September 13th. Stifel Nicolaus boosted their price target on FactSet Research Systems from $188.00 to $223.00 and gave the stock a hold rating in a research report on Wednesday, September 26th. Wells Fargo & Co boosted their price target on FactSet Research Systems from $190.00 to $225.00 and gave the stock a market perform rating in a research report on Wednesday, September 26th. Finally, Barclays boosted their price target on FactSet Research Systems from $185.00 to $210.00 and gave the stock an underweight rating in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $218.73.

FactSet Research Systems stock traded down $2.72 during midday trading on Friday, hitting $223.70. 344,212 shares of the company were exchanged, compared to its average volume of 220,761. The firm has a market capitalization of $8.61 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.95 and a current ratio of 1.95. FactSet Research Systems has a fifty-two week low of $183.89 and a fifty-two week high of $237.95.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.01). The company had revenue of $345.90 million for the quarter, compared to analyst estimates of $346.39 million. FactSet Research Systems had a return on equity of 58.62% and a net margin of 19.78%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.90 earnings per share. On average, analysts forecast that FactSet Research Systems will post 9.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 29th. FactSet Research Systems’s payout ratio is 30.01%.

In other FactSet Research Systems news, SVP Matthew J. Mcnulty sold 1,684 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $225.00, for a total value of $378,900.00. Following the transaction, the senior vice president now directly owns 3,727 shares of the company’s stock, valued at approximately $838,575. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert J. Robie sold 1,174 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $224.78, for a total value of $263,891.72. Following the completion of the transaction, the executive vice president now directly owns 2,862 shares in the company, valued at $643,320.36. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bruderman Asset Management LLC bought a new stake in shares of FactSet Research Systems in the 2nd quarter valued at approximately $112,000. Quantbot Technologies LP bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $139,000. Investment Partners LTD. bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $224,000. Delaney Dennis R bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $200,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of FactSet Research Systems in the 3rd quarter valued at approximately $212,000. Institutional investors and hedge funds own 92.37% 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. It 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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