FactSet Research Systems (NYSE:FDS) Receives New Coverage from Analysts at Evercore ISI

Research analysts at Evercore ISI assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a note issued to investors on Wednesday, Briefing.com reports. The firm set an “inline” rating and a $470.00 price target on the business services provider’s stock. Evercore ISI’s target price indicates a potential upside of 3.30% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada raised their price target on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a report on Friday, September 20th. 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, September 20th. BMO Capital Markets lifted their target price on FactSet Research Systems from $440.00 to $471.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Finally, Morgan Stanley upped their price target on FactSet Research Systems from $350.00 to $355.00 and gave the company 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 issued a hold rating to the stock. According to MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $448.46.

FactSet Research Systems Stock Down 1.1 %

Shares of FDS opened at $454.98 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $425.78 and a two-hundred day moving average price of $427.31. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 3.11 and a beta of 0.75. 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 issued its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million for the quarter, compared to the consensus estimate 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 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 earned $2.93 EPS. Equities analysts predict that FactSet Research Systems will post 17.16 EPS for the current fiscal year.

Insider Activity

In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now owns 23,515 shares in the company, valued at approximately $10,726,367.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other FactSet Research Systems news, EVP Christopher R. Ellis sold 13,952 shares of FactSet Research Systems stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total value of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares in the company, valued at approximately $10,726,367.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the sale, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. The disclosure for this sale can be found here. Insiders have sold a total of 28,362 shares of company stock worth $12,688,945 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of institutional investors have recently added to or reduced their stakes in the company. SteelPeak Wealth LLC boosted its stake in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 1,506 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of FactSet Research Systems by 3.1% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after buying an additional 1,389 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of FactSet Research Systems by 214.5% during the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after buying an additional 3,683 shares during the period. Illinois Municipal Retirement Fund grew its stake in FactSet Research Systems by 22.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock valued at $7,223,000 after buying an additional 2,920 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in FactSet Research Systems by 34.4% in the 1st quarter. Russell Investments Group Ltd. now owns 43,978 shares of the business services provider’s stock valued at $19,959,000 after acquiring an additional 11,257 shares during the period. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.