FactSet (FDS) Receives Average Recommendation of “Hold” from Analysts

Shares of FactSet (NYSE:FDS) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $189.83.

Several research firms recently issued reports on FDS. Morgan Stanley raised their price objective on shares of FactSet from $179.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of FactSet from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Cantor Fitzgerald raised their price objective on shares of FactSet from $187.00 to $203.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Wells Fargo set a $185.00 price objective on shares of FactSet and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray restated a “hold” rating and set a $199.00 price objective on shares of FactSet in a research report on Thursday, December 21st.

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In other news, COO Mark J. Hale sold 48,001 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $198.43, for a total value of $9,524,838.43. Following the completion of the transaction, the chief operating officer now owns 6,268 shares of the company’s stock, valued at $1,243,759.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Maurizio Nicolelli sold 5,675 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $198.00, for a total transaction of $1,123,650.00. Following the completion of the transaction, the chief financial officer now directly owns 9,129 shares of the company’s stock, valued at approximately $1,807,542. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,176 shares of company stock valued at $10,944,813. Company insiders own 2.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC boosted its stake in shares of FactSet by 723.4% in the fourth quarter. Advisory Services Network LLC now owns 1,021 shares of the business services provider’s stock valued at $197,000 after purchasing an additional 897 shares during the period. Lake Street Advisors Group LLC purchased a new position in shares of FactSet in the fourth quarter valued at approximately $205,000. Checchi Capital Advisers LLC purchased a new position in shares of FactSet in the fourth quarter valued at approximately $205,000. Dumont & Blake Investment Advisors LLC purchased a new position in shares of FactSet in the fourth quarter valued at approximately $208,000. Finally, Delaney Dennis R purchased a new position in shares of FactSet in the fourth quarter valued at approximately $213,000. 95.98% of the stock is owned by institutional investors and hedge funds.

FactSet stock traded down $0.32 during midday trading on Wednesday, hitting $196.21. 512,040 shares of the stock were exchanged, compared to its average volume of 322,246. FactSet has a fifty-two week low of $155.09 and a fifty-two week high of $217.36. The stock has a market cap of $7,661.95, a P/E ratio of 26.84, a PEG ratio of 2.10 and a beta of 0.95. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.94.

FactSet (NYSE:FDS) last released its quarterly earnings data on Tuesday, March 27th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.06. FactSet had a net margin of 19.07% and a return on equity of 54.00%. The firm had revenue of $335.20 million during the quarter, compared to analysts’ expectations of $333.78 million. During the same period last year, the business earned $1.81 earnings per share. FactSet’s revenue was up 13.9% compared to the same quarter last year. analysts forecast that FactSet will post 8.48 EPS for the current year.

FactSet announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 27th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 3.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 27th. FactSet’s dividend payout ratio is presently 30.64%.

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About FactSet

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.

Analyst Recommendations for FactSet (NYSE:FDS)

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