FactSet Research Systems (NYSE:FDS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

FactSet Research Systems (NYSE:FDS) had its price target raised by equities researchers at BMO Capital Markets from $471.00 to $521.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 7.67% from the stock’s previous close.

Several other research firms also recently weighed in on FDS. Evercore ISI started coverage on shares of FactSet Research Systems in a report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 target price for the company. Wells Fargo & Company lifted their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and lowered their target price for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Royal Bank of Canada boosted their price target on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday, September 20th. Finally, UBS Group boosted their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $450.00.

FactSet Research Systems Stock Performance

Shares of FDS opened at $483.90 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87. The company has a 50-day simple moving average of $461.60 and a 200-day simple moving average of $433.69. The company has a market capitalization of $18.38 billion, a PE ratio of 34.81, a P/E/G ratio of 3.20 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last issued 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 company had revenue of $562.20 million during the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $2.93 earnings per share. Equities research analysts predict that FactSet Research Systems will post 17.2 earnings per share for the current fiscal year.

Insider Buying and Selling at FactSet Research Systems

In other news, insider John Costigan sold 1,622 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares in the company, valued at $5,380,259.85. This trade represents a 18.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently made changes to their positions in FDS. Geode Capital Management LLC grew its holdings in FactSet Research Systems by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,001,924 shares of the business services provider’s stock valued at $460,467,000 after purchasing an additional 8,376 shares in the last quarter. M&T Bank Corp increased its position in shares of FactSet Research Systems by 25.7% during the third quarter. M&T Bank Corp now owns 11,525 shares of the business services provider’s stock worth $5,299,000 after acquiring an additional 2,354 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares in the last quarter. Geller Advisors LLC purchased a new position in FactSet Research Systems in the third quarter valued at about $204,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in FactSet Research Systems by 8.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 11,466 shares of the business services provider’s stock valued at $5,273,000 after purchasing an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.

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.