FactSet Research Systems (FDS) Given “Hold” Rating at Cantor Fitzgerald

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Cantor Fitzgerald reiterated their hold rating on shares of FactSet Research Systems (NYSE:FDS) in a research note released on Sunday morning. The brokerage currently has a $209.00 target price on the business services provider’s stock.

“Our Neutral rating on FactSet is based on our concerns regarding the potential impact from recent economic volatility on Financial Services spending. The company is working to offset weakness in its core business with growth from new services. We expect future quarters to provide better visibility on the possible timing of a reacceleration of organic growth rates that could come from large contracts and further color on margin expansion. Valuation Summary Our PT is $209 based on 22x our 2019 non-GAAP EPS estimate.”,” the firm’s analyst commented.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley set a $204.00 target price on shares of FactSet Research Systems and gave the stock a hold rating in a report on Monday, October 15th. Bank of America increased their target price on shares of FactSet Research Systems from $214.00 to $245.00 and gave the stock a neutral rating in a report on Wednesday, September 26th. Stifel Nicolaus increased their target price on shares of FactSet Research Systems from $188.00 to $223.00 and gave the stock a hold rating in a report on Wednesday, September 26th. Barclays increased their target price on shares of FactSet Research Systems from $185.00 to $210.00 and gave the stock an underweight rating in a report on Wednesday, September 26th. Finally, Wells Fargo & Co increased their target price on shares of FactSet Research Systems from $190.00 to $225.00 and gave the stock a market perform rating in a report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. FactSet Research Systems currently has a consensus rating of Hold and an average price target of $219.36.

FactSet Research Systems stock opened at $203.71 on Friday. The company has a market capitalization of $7.81 billion, a P/E ratio of 23.88, a PEG ratio of 2.12 and a beta of 1.05. FactSet Research Systems has a 12-month low of $184.48 and a 12-month high of $237.95. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 1.06.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Tuesday, December 18th. The business services provider reported $2.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.06. The company had revenue of $351.60 million during the quarter, compared to analyst estimates of $349.92 million. FactSet Research Systems had a net margin of 20.47% and a return on equity of 62.54%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 EPS. Analysts forecast that FactSet Research Systems will post 9.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.26%. FactSet Research Systems’s dividend payout ratio is currently 30.01%.

In other news, Director Robin Ann Abrams sold 2,239 shares of the stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $204.45, for a total transaction of $457,763.55. Following the completion of the transaction, the director now directly owns 5,244 shares in the company, valued at approximately $1,072,135.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott A. Billeadeau sold 1,856 shares of the stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $200.89, for a total value of $372,851.84. Following the transaction, the director now owns 2,857 shares of the company’s stock, valued at $573,942.73. The disclosure for this sale can be found here. Insiders have sold a total of 7,899 shares of company stock valued at $1,580,246 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JLB & Associates Inc. lifted its position in FactSet Research Systems by 2.4% in the fourth quarter. JLB & Associates Inc. now owns 12,180 shares of the business services provider’s stock worth $2,437,000 after buying an additional 285 shares during the last quarter. Cullinan Associates Inc. lifted its position in FactSet Research Systems by 104.2% in the fourth quarter. Cullinan Associates Inc. now owns 16,215 shares of the business services provider’s stock worth $3,245,000 after buying an additional 8,275 shares during the last quarter. First Hawaiian Bank lifted its position in FactSet Research Systems by 4.3% in the fourth quarter. First Hawaiian Bank now owns 3,800 shares of the business services provider’s stock worth $760,000 after buying an additional 156 shares during the last quarter. Capital Investment Services of America Inc. lifted its position in FactSet Research Systems by 0.5% in the fourth quarter. Capital Investment Services of America Inc. now owns 52,337 shares of the business services provider’s stock worth $10,474,000 after buying an additional 235 shares during the last quarter. Finally, Moody National Bank Trust Division bought a new stake in FactSet Research Systems in the fourth quarter worth $48,000. Institutional investors own 92.35% of the company’s stock.

About FactSet Research Systems

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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