On March 28, 2023,
Redburn Partners
upgraded
their outlook for FactSet Research Systems (NYSE:FDS) from Sell to Neutral.
Analyst Price Forecast Suggests 12.37% Upside
As of March 27, 2023,
the average one-year price target for FactSet Research Systems is $451.12.
The forecasts range from a low of $338.35 to a high of $546.00.
The average price target represents an increase of 12.37% from its latest reported closing price of $401.47.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for FactSet Research Systems
is $2,123MM, an increase of 5.73%.
The projected annual non-GAAP EPS
is $14.94.
FactSet Research Systems Declares $0.89 Dividend
On February 2, 2023 the company declared a regular
quarterly dividend of $0.89 per share ($3.56 annualized).
Shareholders of record as of February 28, 2023
received the payment on March 16, 2023.
Previously, the company paid $0.89 per share.
At the current share price of $401.47 / share,
the stock’s dividend yield is 0.89%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.98%,
the lowest has been 0.68%,
and the highest has been 1.41%.
The standard deviation of yields is 0.15 (n=236).
The current dividend yield is
0.65 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.30.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.24%,
demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
Bamco
holds 2,679K shares
representing 7.00% ownership of the company.
In it’s prior filing, the firm reported owning 2,684K shares, representing
a decrease
of 0.16%.
The firm
increased
its portfolio allocation in FDS by 4.06% over the last quarter.
Loomis Sayles & Co L P
holds 1,761K shares
representing 4.60% ownership of the company.
In it’s prior filing, the firm reported owning 1,858K shares, representing
a decrease
of 5.50%.
The firm
decreased
its portfolio allocation in FDS by 99.91% over the last quarter.
Wells Fargo
holds 1,589K shares
representing 4.15% ownership of the company.
No change in the last quarter.
Ninety One UK
holds 1,233K shares
representing 3.22% ownership of the company.
In it’s prior filing, the firm reported owning 1,276K shares, representing
a decrease
of 3.43%.
The firm
decreased
its portfolio allocation in FDS by 5.77% over the last quarter.
BGRFX – BARON GROWTH FUND
holds 1,200K shares
representing 3.14% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 1450 funds or institutions reporting positions in FactSet Research Systems.
This is an increase
of
23
owner(s) or 1.61% in the last quarter.
Average portfolio weight of all funds dedicated to FDS is 0.26%,
a decrease
of 10.58%.
Total shares owned by institutions increased
in the last three months by 0.04% to 41,076K shares.
The put/call ratio of FDS is 1.55, indicating a
bearish
outlook.
Factset Research Systems Background Information
(This description is provided by the company.)
FactSet Research Systems Inc. delivers superior content, analytics, and flexible technology to help more than 138,000 users see and seize opportunity sooner. the company gives investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. FactSet is proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
