FactSet Research Systems (NYSE:FDS) Price Target Raised to $471.00 at BMO Capital Markets

FactSet Research Systems (NYSE:FDS) had its price target raised by BMO Capital Markets from $440.00 to $471.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 0.26% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group dropped their price objective on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Wells Fargo & Company increased 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 research note on Friday. Royal Bank of Canada upped their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Finally, Morgan Stanley raised their target price on FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research note on Monday, June 24th. Four investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $446.67.

FactSet Research Systems Stock Up 0.1 %

Shares of NYSE:FDS traded up $0.29 during trading on Friday, hitting $469.77. 174,588 shares of the company’s stock traded hands, compared to its average volume of 266,989. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. FactSet Research Systems has a 52 week low of $391.84 and a 52 week high of $488.64. The company has a 50-day moving average price of $420.81 and a 200-day moving average price of $428.57. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75.

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

Insider Activity at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated 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 sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock valued at $5,166,986 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Several large investors have recently added to or reduced their stakes in FDS. Verity & Verity LLC bought a new position in shares of FactSet Research Systems in the second quarter worth $307,000. Sanctuary Advisors LLC bought a new stake in FactSet Research Systems during the second quarter valued at $9,733,000. Aristides Capital LLC purchased a new position in FactSet Research Systems during the second quarter worth about $1,225,000. Cetera Investment Advisers increased its stake in FactSet Research Systems by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 5,791 shares of the business services provider’s stock worth $2,364,000 after acquiring an additional 391 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of FactSet Research Systems during the second quarter worth about $62,000. 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.