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

FactSet Research Systems (NYSE:FDS) had its price target lifted by stock analysts at UBS Group from $485.00 to $525.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 8.49% from the stock’s current price.

Several other equities research analysts have also recently commented on FDS. Redburn Atlantic cut FactSet Research Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $420.00 to $380.00 in a research note on Wednesday, October 9th. Wells Fargo & Company boosted their price objective on shares of 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. Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Royal Bank of Canada lifted 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 research note on Friday, September 20th. Finally, Evercore ISI began coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price objective for the company. Five analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and a consensus target price of $450.00.

FactSet Research Systems Stock Down 2.4 %

FactSet Research Systems stock opened at $483.90 on Friday. The company has a 50 day moving average of $461.60 and a 200-day moving average of $433.69. 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 twelve month low of $391.84 and a twelve month high of $499.87. The stock has a market capitalization of $18.38 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its earnings results 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 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million during the quarter, compared to analyst estimates of $547.06 million. During the same period in the prior year, the business earned $2.93 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

Insider Buying and Selling

In other FactSet Research Systems news, insider John Costigan sold 1,622 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares in the company, valued at $143,819. This trade represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $10,726,367.25. This represents a 37.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,984 shares of company stock valued at $12,230,877. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of FactSet Research Systems by 47.6% in the first quarter. Empowered Funds LLC now owns 626 shares of the business services provider’s stock valued at $284,000 after acquiring an additional 202 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in FactSet Research Systems by 19.8% in the 1st quarter. QRG Capital Management Inc. now owns 998 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 165 shares during the period. Bleakley Financial Group LLC grew its position in shares of FactSet Research Systems by 10.5% during the 1st quarter. Bleakley Financial Group LLC now owns 789 shares of the business services provider’s stock worth $359,000 after purchasing an additional 75 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of FactSet Research Systems by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,397 shares of the business services provider’s stock worth $19,259,000 after purchasing an additional 1,797 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of FactSet Research Systems by 0.3% in the first quarter. Vanguard Group Inc. now owns 4,571,550 shares of the business services provider’s stock valued at $2,077,267,000 after buying an additional 11,974 shares in the last quarter. 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.