Morgan Stanley Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price objective cut by equities researchers at Morgan Stanley from $409.00 to $390.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 9.93% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a report on Monday, March 10th. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $450.00 to $402.00 in a report on Friday. Finally, BMO Capital Markets cut their price objective on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a report on Monday, December 23rd. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems has a consensus rating of “Hold” and a consensus target price of $441.00.

FactSet Research Systems Stock Performance

Shares of NYSE:FDS opened at $433.01 on Friday. FactSet Research Systems has a 1 year low of $391.84 and a 1 year high of $499.87. The firm has a market capitalization of $16.47 billion, a PE ratio of 31.04, a P/E/G ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business’s 50 day moving average price is $455.49 and its 200-day moving average price is $464.45.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The firm had revenue of $570.70 million for the quarter, compared to the consensus estimate of $570.65 million. During the same quarter last year, the business posted $4.22 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Institutional Trading of FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDS. State Street Corp raised its stake in shares of FactSet Research Systems by 2.2% during the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock worth $888,603,000 after buying an additional 42,303 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of FactSet Research Systems by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,096,592 shares of the business services provider’s stock worth $527,411,000 after buying an additional 94,668 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of FactSet Research Systems by 3.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 505,587 shares of the business services provider’s stock worth $240,184,000 after buying an additional 16,522 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of FactSet Research Systems by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 501,068 shares of the business services provider’s stock worth $240,653,000 after buying an additional 7,718 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of FactSet Research Systems by 17.2% during the 4th quarter. Invesco Ltd. now owns 456,149 shares of the business services provider’s stock worth $219,079,000 after buying an additional 66,861 shares in the last quarter. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.