FactSet Research Systems (FDS) was Initiated by Macquarie to “Neutral” and the brokerage firm has set the Price Target at $180. Macquarie advised their investors in a research report released on Aug 26, 2016.
Many Wall Street Analysts have commented on FactSet Research Systems. Credit Suisse Initiated FactSet Research Systems on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $182.
On the company’s financial health, FactSet Research Systems reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 28, 2016. Analyst had a consensus of $1.63. The company had revenue of $287.50 million for the quarter, compared to analysts expectations of $287.67 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.
FactSet Research Systems opened for trading at $174.98 and hit $178.07 on the upside on Tuesday, eventually ending the session at $177.72, with a gain of 1.09% or 1.92 points. The heightened volatility saw the trading volume jump to 2,21,260 shares. Company has a market cap of $7,225 M.
Investors should note that on Aug 8, 2016, FactSet Research Systems announced a cash dividend of $0.5000. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 20, 2016.
In a different news, on Jul 13, 2016, Joseph E Jr Laird (director) sold 1,000 shares at $165.00 per share price. According to the SEC, on Apr 15, 2016, Rachel Rebecca Stern (Senior Vice President) sold 4,583 shares at $153.37 per share price. On Apr 14, 2016, Mark J. Hale (Chief Operating Officer) sold 1,823 shares at $150.05 per share price, according to the Form-4 filing with the securities and exchange commission.
FactSet Research Systems Inc. (FactSet) is a provider of integrated financial information and analytical applications to the global investment community. The Company operates through three segments based on geographic business activities: the U.S. Europe and Asia Pacific. Sales consulting data collection product development and software engineering are the primary functional groups within the U.S. Europe and Asia Pacific segments that provide global financial and economic information to investment managers investment banks and other financial services professionals. The U.S. segment services finance professionals including financial institutions throughout the Americas while the European and Asia Pacific segments service investment professionals located throughout Europe and the Asia Pacific region respectively. FactSet combines content regarding companies and securities from markets all over the globe into a single online platform of information and analytics.