FactSet Research Systems (NYSE:FDS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

FactSet Research Systems (NYSE:FDS) had its price target boosted by equities research analysts at Morgan Stanley from $373.00 to $409.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 16.37% from the company’s previous close.

FDS has been the subject of several other reports. Royal Bank of Canada restated a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a research report on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. BMO Capital Markets increased their target price on shares of FactSet Research Systems from $471.00 to $521.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Redburn Atlantic lowered shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $420.00 to $380.00 in a report on Wednesday, October 9th. Finally, UBS Group raised their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $451.85.

FactSet Research Systems Stock Up 0.1 %

Shares of NYSE:FDS opened at $489.07 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 35.18, a P/E/G ratio of 3.15 and a beta of 0.76. The company has a 50 day moving average of $474.46 and a 200-day moving average of $440.27. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.93 EPS. On average, sell-side analysts forecast that FactSet Research Systems will post 17.2 earnings per share for the current year.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. The trade was a 84.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $455.09, for a total value of $1,365,270.00. Following the completion of the transaction, the chief executive officer now owns 12,987 shares of the company’s stock, valued at $5,910,253.83. The trade was a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,984 shares of company stock valued at $10,981,107 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in FactSet Research Systems by 5.7% during the third quarter. Franklin Resources Inc. now owns 12,314 shares of the business services provider’s stock worth $5,687,000 after acquiring an additional 669 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of FactSet Research Systems by 92.8% in the 3rd quarter. Synovus Financial Corp now owns 1,336 shares of the business services provider’s stock valued at $614,000 after purchasing an additional 643 shares during the period. Tidal Investments LLC lifted its stake in FactSet Research Systems by 9.0% in the 3rd quarter. Tidal Investments LLC now owns 2,535 shares of the business services provider’s stock valued at $1,166,000 after purchasing an additional 209 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in FactSet Research Systems during the third quarter worth about $403,000. Finally, SkyView Investment Advisors LLC increased its position in FactSet Research Systems by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 1,774 shares of the business services provider’s stock worth $816,000 after buying an additional 50 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.

About FactSet Research Systems

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.