FactSet Research Systems (NYSE:FDS) PT Raised to $471.00

FactSet Research Systems (NYSE:FDS) had its target price lifted by stock analysts at BMO Capital Markets from $440.00 to $471.00 in a report released on Friday, Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 1.09% from the stock’s previous close.

A number of other research analysts have also issued reports on the company. Jefferies Financial Group dropped their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Wells Fargo & Company upped their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada upped their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday. Bank of America lowered FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Finally, UBS Group upped their price objective on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday. Four research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $446.67.

FactSet Research Systems Trading Down 0.8 %

NYSE:FDS opened at $465.91 on Friday. The firm has a market cap of $17.72 billion, a P/E ratio of 35.14, a PEG ratio of 2.64 and a beta of 0.75. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $421.66 and its 200-day simple moving average is $428.33. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 earnings per share. Equities analysts anticipate that FactSet Research Systems will post 16.28 EPS for the current year.

Insiders Place Their Bets

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CTO Katherine M. Stepp sold 1,057 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $428.42, for a total value of $452,839.94. Following the sale, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at $5,380,259.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after acquiring an additional 11,974 shares in the last quarter. Ninety One UK Ltd lifted its position in FactSet Research Systems by 0.9% during the second quarter. Ninety One UK Ltd now owns 1,216,461 shares of the business services provider’s stock worth $496,645,000 after buying an additional 10,928 shares during the period. PineStone Asset Management Inc. lifted its position in FactSet Research Systems by 53.3% during the second quarter. PineStone Asset Management Inc. now owns 272,973 shares of the business services provider’s stock worth $111,447,000 after buying an additional 94,952 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in FactSet Research Systems by 3.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 264,481 shares of the business services provider’s stock worth $120,178,000 after buying an additional 9,925 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its position in FactSet Research Systems by 1.4% during the second quarter. Tandem Investment Advisors Inc. now owns 250,028 shares of the business services provider’s stock worth $102,079,000 after buying an additional 3,485 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.