FactSet Research Systems (NYSE:FDS) Trading Down 4.5%

Shares of FactSet Research Systems Inc. (NYSE:FDS) traded down 4.5% on Tuesday . The company traded as low as $418.65 and last traded at $418.67. 97,544 shares were traded during mid-day trading, a decline of 59% from the average session volume of 238,277 shares. The stock had previously closed at $438.43.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FDS shares. BMO Capital Markets lifted their price objective on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a research note on Monday, March 25th. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $464.00 price objective on shares of FactSet Research Systems in a report on Friday, March 22nd. The Goldman Sachs Group increased their target price on shares of FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $442.70.

FactSet Research Systems Trading Down 1.0 %

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $15.96 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.58 and a beta of 0.72. The business has a 50-day simple moving average of $451.29 and a two-hundred day simple moving average of $455.19.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.83 by $0.39. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. The business had revenue of $545.95 million for the quarter, compared to the consensus estimate of $547.93 million. As a group, research analysts forecast that FactSet Research Systems Inc. will post 15.83 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 annualized dividend and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio is presently 31.04%.

Insiders Place Their Bets

In other news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,838,871.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. AE Wealth Management LLC increased its holdings in shares of FactSet Research Systems by 2.3% in the third quarter. AE Wealth Management LLC now owns 3,620 shares of the business services provider’s stock valued at $1,583,000 after purchasing an additional 82 shares during the last quarter. IFP Advisors Inc grew its stake in FactSet Research Systems by 71.4% in the 3rd quarter. IFP Advisors Inc now owns 84 shares of the business services provider’s stock valued at $37,000 after buying an additional 35 shares during the last quarter. Global Retirement Partners LLC lifted its position in FactSet Research Systems by 28.8% during the third quarter. Global Retirement Partners LLC now owns 103 shares of the business services provider’s stock worth $46,000 after acquiring an additional 23 shares during the last quarter. HB Wealth Management LLC acquired a new stake in FactSet Research Systems during the third quarter worth approximately $217,000. Finally, SG Americas Securities LLC boosted its holdings in shares of FactSet Research Systems by 133.2% during the third quarter. SG Americas Securities LLC now owns 659 shares of the business services provider’s stock worth $288,000 after acquiring an additional 2,646 shares during the period. Institutional investors own 91.24% of the company’s stock.

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.