Stifel Nicolaus Raises FactSet Research Systems (NYSE:FDS) Price Target to $469.00

FactSet Research Systems (NYSE:FDS) had its target price hoisted by equities research analysts at Stifel Nicolaus from $451.00 to $469.00 in a report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 0.96% from the stock’s current price.

A number of other analysts have also recently commented on FDS. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Jefferies Financial Group cut their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research report on Friday. UBS Group lifted 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 report on Friday. Finally, Morgan Stanley upped their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a research report on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and an average price target of $445.58.

FactSet Research Systems Stock Performance

Shares of FDS traded down $4.96 during trading hours on Friday, hitting $464.52. The stock had a trading volume of 80,449 shares, compared to its average volume of 266,512. The firm has a 50-day moving average price of $420.81 and a 200 day moving average price of $428.57. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28.

FactSet Research Systems (NYSE:FDS) last issued its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same quarter in the prior year, the firm posted $2.93 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that FactSet Research Systems will post 16.28 EPS for the current year.

Insider Activity

In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at $294,324.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the transaction, the director now directly owns 9,193 shares in the company, valued at $3,867,587.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at approximately $294,324.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,432 shares of company stock valued at $5,166,986. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in FactSet Research Systems during the 4th quarter worth $47,977,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in FactSet Research Systems by 10.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,282 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 117 shares in the last quarter. UBS Group AG lifted its stake in FactSet Research Systems by 2.7% in the fourth quarter. UBS Group AG now owns 52,525 shares of the business services provider’s stock worth $25,057,000 after acquiring an additional 1,396 shares during the last quarter. D.A. Davidson & CO. grew its holdings in FactSet Research Systems by 7.0% during the 4th quarter. D.A. Davidson & CO. now owns 1,115 shares of the business services provider’s stock worth $532,000 after acquiring an additional 73 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of FactSet Research Systems in the 4th quarter valued at $205,000. Institutional investors and hedge funds 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.