Northcoast Research Lowers FactSet Research Systems (FDS) to Neutral

Northcoast Research downgraded shares of FactSet Research Systems (NYSE:FDS) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat reports.

A number of other equities research analysts have also issued reports on FDS. Morgan Stanley reissued an equal weight rating and issued a $166.00 price target (up previously from $157.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Barclays raised their price target on shares of FactSet Research Systems from $164.00 to $175.00 and gave the stock an underweight rating in a report on Wednesday, September 27th. Bank of America reissued a neutral rating and issued a $192.00 price target (up previously from $180.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Zacks Investment Research raised shares of FactSet Research Systems from a hold rating to a buy rating and set a $220.00 price target on the stock in a report on Tuesday, November 28th. Finally, Stifel Nicolaus reissued a hold rating and issued a $169.00 price target (up previously from $163.00) on shares of FactSet Research Systems in a report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $180.73.

Shares of FactSet Research Systems (NYSE:FDS) traded down $2.14 during trading hours on Tuesday, reaching $200.00. 659,600 shares of the company were exchanged, compared to its average volume of 307,857. The stock has a market cap of $7,905.64, a PE ratio of 27.65, a PEG ratio of 2.29 and a beta of 0.97. FactSet Research Systems has a one year low of $155.09 and a one year high of $204.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.04 and a current ratio of 2.04.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $326.60 million for the quarter, compared to analyst estimates of $325.26 million. FactSet Research Systems had a net margin of 21.15% and a return on equity of 55.76%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.69 EPS. equities research analysts predict that FactSet Research Systems will post 8.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 29th. FactSet Research Systems’s payout ratio is 34.36%.

In related news, VP Matthew J. Mcnulty sold 1,049 shares of FactSet Research Systems stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $181.00, for a total transaction of $189,869.00. Following the completion of the transaction, the vice president now directly owns 2,499 shares of the company’s stock, valued at approximately $452,319. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Mark J. Hale sold 9,458 shares of FactSet Research Systems stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $180.34, for a total transaction of $1,705,655.72. Following the transaction, the chief operating officer now directly owns 11,314 shares of the company’s stock, valued at $2,040,366.76. The disclosure for this sale can be found here. Insiders have sold a total of 17,841 shares of company stock worth $3,224,739 in the last ninety days. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. ETF Managers Group LLC purchased a new position in FactSet Research Systems during the 2nd quarter valued at about $121,000. Mountain Capital Investment Advisors Inc purchased a new position in FactSet Research Systems during the 2nd quarter valued at about $126,000. Turner Investments LLC purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $144,000. Fieldpoint Private Securities LLC purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $195,000. Finally, Visionary Asset Management Inc. purchased a new position in FactSet Research Systems during the 3rd quarter valued at about $205,000. 93.73% of the stock is owned by institutional investors.

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About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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