FactSet Research Systems (NYSE:FDS) Given New $390.00 Price Target at Morgan Stanley

FactSet Research Systems (NYSE:FDS) had its price objective trimmed by Morgan Stanley from $409.00 to $390.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company lowered shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, BMO Capital Markets dropped their price objective on shares of FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $440.77.

FactSet Research Systems Stock Performance

Shares of FDS opened at $433.01 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $16.47 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The firm’s fifty day simple moving average is $455.49 and its two-hundred day simple moving average is $464.19. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. The business had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.22 earnings per share. As a group, analysts predict that FactSet Research Systems will post 17.21 EPS for the current year.

FactSet Research Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors have recently added to or reduced their stakes in FDS. Quest Partners LLC grew its position in FactSet Research Systems by 560.3% in the 3rd quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock worth $206,000 after purchasing an additional 381 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $736,000. Prospera Private Wealth LLC bought a new position in shares of FactSet Research Systems during the 3rd quarter valued at approximately $119,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of FactSet Research Systems by 153.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider’s stock valued at $8,191,000 after acquiring an additional 10,791 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of FactSet Research Systems by 29.4% during the 3rd quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock valued at $5,588,000 after acquiring an additional 2,764 shares during the period. 91.24% of the stock is owned by 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.