FactSet Research Systems (NYSE:FDS) PT Raised to $485.00 at UBS Group

FactSet Research Systems (NYSE:FDS) had its price objective upped by investment analysts at UBS Group from $455.00 to $485.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 5.32% from the stock’s previous close.

Several other research firms have also recently commented on FDS. Morgan Stanley upped their target price on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Bank of America lowered shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $500.00 to $407.00 in a report on Thursday, May 30th. Wells Fargo & Company raised shares of FactSet Research Systems to a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 target price on shares of FactSet Research Systems in a research note on Monday, June 24th. Finally, Jefferies Financial Group decreased their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $439.92.

FactSet Research Systems Price Performance

Shares of NYSE:FDS traded down $8.96 on Friday, reaching $460.52. 46,705 shares of the company traded hands, compared to its average volume of 266,326. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $488.64. The company’s 50 day moving average is $420.81 and its 200-day moving average is $428.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. The stock has a market capitalization of $17.52 billion, a PE ratio of 34.73, a P/E/G ratio of 2.64 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, September 19th. The business services provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.62 by $0.12. The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a net margin of 23.56% and a return on equity of 34.48%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 earnings per share. As a group, analysts anticipate that FactSet Research Systems will post 16.28 earnings per share for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $428.42, for a total transaction of $452,839.94. Following the transaction, the chief technology officer now owns 687 shares in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Insiders have sold 12,432 shares of company stock worth $5,166,986 in the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in shares of FactSet Research Systems by 144.4% in the 2nd quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock valued at $27,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC lifted its stake in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC increased its stake in shares of FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of FactSet Research Systems during the 2nd quarter worth $33,000. Finally, SJS Investment Consulting Inc. grew its position in FactSet Research Systems by 300.0% in the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. 91.24% of the stock is owned by institutional investors and hedge funds.

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.