Fintel reports that on September 22, 2023, B of A Securities maintained coverage of Factset Research Systems (NYSE:FDS) with a Neutral recommendation.
Analyst Price Forecast Suggests 2.95% Upside
As of August 31, 2023, the average one-year price target for Factset Research Systems is 448.69. The forecasts range from a low of 335.32 to a high of $525.00. The average price target represents an increase of 2.95% from its latest reported closing price of 435.82.
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 1.80%. The projected annual non-GAAP EPS is 14.94.
Factset Research Systems Declares $0.98 Dividend
On August 3, 2023 the company declared a regular quarterly dividend of $0.98 per share ($3.92 annualized). Shareholders of record as of August 31, 2023 received the payment on September 21, 2023. Previously, the company paid $0.98 per share.
At the current share price of $435.82 / share, the stock's dividend yield is 0.90%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.95%, the lowest has been 0.68%, and the highest has been 1.41%. The standard deviation of yields is 0.13 (n=236).
The current dividend yield is 0.42 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.32. 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 0.27%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1403 funds or institutions reporting positions in Factset Research Systems. This is a decrease of 36 owner(s) or 2.50% in the last quarter. Average portfolio weight of all funds dedicated to FDS is 0.24%, a decrease of 6.06%. Total shares owned by institutions increased in the last three months by 1.04% to 40,965K shares. 
The put/call ratio of FDS is 1.13, indicating a bearish outlook.
What are Other Shareholders Doing?
Bamco holds 2,743K shares representing 7.19% ownership of the company. In it's prior filing, the firm reported owning 2,698K shares, representing an increase of 1.62%. The firm decreased its portfolio allocation in FDS by 9.50% over the last quarter.
Loomis Sayles & Co L P holds 1,669K shares representing 4.38% ownership of the company. In it's prior filing, the firm reported owning 1,718K shares, representing a decrease of 2.90%. The firm increased its portfolio allocation in FDS by 58.85% over the last quarter.
Wells Fargo holds 1,531K shares representing 4.01% ownership of the company. In it's prior filing, the firm reported owning 1,569K shares, representing a decrease of 2.51%. The firm increased its portfolio allocation in FDS by 169.17% over the last quarter.
Ninety One UK holds 1,236K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 1,250K shares, representing a decrease of 1.09%. The firm decreased its portfolio allocation in FDS by 10.56% over the last quarter.
BGRFX - BARON GROWTH FUND holds 1,200K shares representing 3.15% ownership of the company. No change in the last quarter.
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.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
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.
