UBS Group Lowers FactSet Research Systems (NYSE:FDS) Price Target to $480.00

FactSet Research Systems (NYSE:FDS) had its price objective cut by investment analysts at UBS Group from $525.00 to $480.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 10.85% from the stock’s current price.

A number of other research firms have also commented on FDS. Stifel Nicolaus raised their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Morgan Stanley lowered their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a research note on Friday. BMO Capital Markets reduced their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Finally, Wells Fargo & Company downgraded FactSet Research Systems from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $450.00 to $402.00 in a report on Friday. Five investment analysts have rated the stock with a sell rating and five have issued 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 $441.00.

FactSet Research Systems Price Performance

FactSet Research Systems stock opened at $433.01 on Friday. The stock’s fifty day moving average price is $455.49 and its two-hundred day moving average price is $464.45. FactSet Research Systems has a one year low of $391.84 and a one year high of $499.87. 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 firm has a market cap of $16.47 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted 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 analyst estimates of $570.65 million. During the same quarter last year, the company earned $4.22 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Institutional Investors Weigh In On FactSet Research Systems

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in FactSet Research Systems during the 4th quarter worth about $69,128,000. Point72 Asset Management L.P. acquired a new position in FactSet Research Systems during the 4th quarter worth about $66,368,000. Geode Capital Management LLC lifted its holdings in 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 during the period. Meridiem Capital Partners LP acquired a new position in FactSet Research Systems during the 4th quarter worth about $41,241,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in FactSet Research Systems during the 4th quarter worth about $39,284,000. 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.