FactSet Research Systems (NYSE:FDS) Receives Hold Rating from Oppenheimer

Oppenheimer reiterated their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a research report sent to investors on Tuesday, December 19th. Oppenheimer also issued estimates for FactSet Research Systems’ Q2 2018 earnings at $2.04 EPS, Q3 2018 earnings at $2.09 EPS, Q4 2018 earnings at $2.18 EPS, FY2018 earnings at $8.35 EPS, Q2 2019 earnings at $2.27 EPS, Q3 2019 earnings at $2.33 EPS, Q4 2019 earnings at $2.43 EPS and FY2019 earnings at $9.25 EPS.

A number of other analysts have also issued reports on FDS. Stifel Nicolaus reiterated a hold rating and set a $169.00 price objective (up from $163.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Morgan Stanley boosted their price objective on FactSet Research Systems from $166.00 to $171.00 and gave the company an equal weight rating in a research note on Monday, October 23rd. Northcoast Research upgraded FactSet Research Systems from a neutral rating to a buy rating and set a $195.00 price objective on the stock in a research note on Thursday, September 21st. Credit Suisse Group reiterated an outperform rating and set a $200.00 price objective (up from $190.00) on shares of FactSet Research Systems in a research note on Wednesday, September 27th. Finally, Wells Fargo & Co set a $185.00 price objective on FactSet Research Systems and gave the company a hold rating in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. FactSet Research Systems has a consensus rating of Hold and an average target price of $183.46.

Shares of FactSet Research Systems (NYSE FDS) traded up $0.75 on Tuesday, hitting $197.75. The company’s stock had a trading volume of 354,355 shares, compared to its average volume of 325,578. The company has a market capitalization of $7,620.00, a price-to-earnings ratio of 29.87, a PEG ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.04 and a current ratio of 2.64. FactSet Research Systems has a 52-week low of $155.09 and a 52-week high of $207.25.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Tuesday, December 19th. The business services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.06. The firm had revenue of $329.10 million for the quarter, compared to analyst estimates of $330.49 million. FactSet Research Systems had a return on equity of 54.65% and a net margin of 20.76%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. equities analysts forecast that FactSet Research Systems will post 8.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Thursday, November 30th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, November 29th. FactSet Research Systems’s payout ratio is 33.84%.

In related news, Director James J. Mcgonigle sold 1,186 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $193.92, for a total transaction of $229,989.12. Following the completion of the transaction, the director now directly owns 22,754 shares in the company, valued at $4,412,455.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott A. Billeadeau sold 2,419 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $192.30, for a total value of $465,173.70. Following the transaction, the director now owns 4,419 shares of the company’s stock, valued at $849,773.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,405 shares of company stock valued at $1,234,723. 2.80% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. ETF Managers Group LLC purchased a new position in shares of FactSet Research Systems in the 2nd quarter worth about $121,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of FactSet Research Systems in the 2nd quarter worth about $126,000. Turner Investments LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth about $144,000. Fieldpoint Private Securities LLC purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth about $195,000. Finally, Visionary Asset Management Inc. purchased a new position in shares of FactSet Research Systems in the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

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FactSet Research Systems Company Profile

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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