FactSet Research Systems Inc. has been making waves in the financial services industry with its steady performance over the past year. The company’s stock (NYSE:FDS) has been deemed a “Hold” by an average of thirteen analysts currently covering it, according to Bloomberg.com. Out of these analysts, five have given a hold recommendation and five have issued a buy recommendation on the firm’s stock.
Furthermore, investors have received an exciting announcement following FactSet’s decision to increase its quarterly dividend from $0.89 to $0.98 – which will be payable on Thursday, June 15th. Shareholders of record on Wednesday May 31st will receive the payout that amounts to a mega sum of $3.92 on an annualized basis with an impressive yield of 0.97%.
Recent activities within FactSet show promising signs of growth for future investors as hedge funds and institutional investors continue acquiring shares across various positions like Accurate Wealth Management LLC who purchased shares valued at approximately $27,000 in Q4 of last year and Eagle Bay Advisors LLC who added FDS valued stocks worth roughly $32,000 in late Q2 2021.
Reports indicate that this secure footing can be attributed in part due to measures FactSet enacted since the beginning stages of the COVID-19 pandemic when they prioritized supporting remote work situations through their virtual collaboration software capabilities. These measures fortified customer loyalty and shore up their reputation as one of the most reliable providers for accurate market/marketplace analytics.
As established by Bloomberg.com’s unbiased data mining methodology system underlined within their report substantiates evidentially facts revealing that many prominent investment houses see tremendous potential evidenced in continuing investment opportunities with FactSet explaining that share price has seen consistent growth over more than three years when it was traded at around $300 in Contrast to approximately double that current trading value – all without accounting for dividends (The ex-dividend date is Tuesday, May 30th) of the $3.92 amount that will come into play which reinforces strong prospects future growth for FactSet within its extensive offerings in financial services provision across a broad spectrum of markets and industries.
While this is no call for immediate investing advice, it has surely piqued the interests of both industry experts and investors alike when looking to expand their portfolios. With sound investment practices, strategic acquisitions, a sharp increase in dividend payouts and continued expansionary positioning towards a digital marketplace – there may be more reason for speculation among those seeking potentially lucrative long-term investment opportunities in FactSet’s resilient and diversifying enterprise.
FactSet Research Systems Inc.
FDS
Strong Buy
Updated on: 25/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
FactSet Research Systems Inc. Sees Mixed Ratings and Insider Selling amidst Potential Earnings Growth
FactSet Research Systems Inc. is a business services provider that recently had its price target cut by Deutsche Bank Aktiengesellschaft from $477.00 to $454.00, while maintaining a “buy” rating on the stock in a report on Friday, March 24th. Furthermore, Redburn Partners upgraded shares of FactSet Research Systems from a “sell” rating to a “neutral” rating in a research report on Tuesday, March 28th and CICC Research assumed coverage and set an “outperform” rating on the stock, with Royal Bank of Canada reiterating an “outperform” rating and setting $500.00 price point on shares also recently. On Monday, May 15th BMO Capital Markets assumed coverage and gave FactSet Research Systems a “market perform” rating with a $424.00 price target for the company.
Aside from analyst reports, it was disclosed that EVP Goran Skoko sold 7,969 shares of FactSet Research Systems at an average price of $412.96 for roughly $3.29 million on April 17th; CTO Katherine M Stepp also sold 297 shares at an average price of $417.58 for $124,021 on April 3rd . The executives now hold smaller positions valued at approximately just under $2 million in the company following these sales disclosures filed with the Securities & Exchange Commission.
On Thursday, June 15th shareholders of record will be issued a quarterly dividend increase to $0.98 per share as compared with FactSet’s previous dividend payout of $0.89 paid out earlier this year which represents an annualized payout increase to shareholders of roughly 34%, currently yielding nearly one percent at market open today.
Shares NYSE:FDS opened at around $403 this morning with speculation looming over whether their current PEG Ratio of 2.72 means they are overvalued or undervalued as some analysts’ revenue estimates predict FDS could generate up to $2.08 billion in their next financial year alone – regardless of any business moves that may take place.
Despite various insider sales disclosed, due to a 19.5% increase in the business service provider’s quarterly revenue according to last month’s earnings report (compared to the same quarter the previous year), FactSet is projected by many industry insiders to potentially post earnings per share of $14.63 during this fiscal year.
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