FactSet Research Systems (NYSE:FDS) Downgraded by Redburn Atlantic

FactSet Research Systems (NYSE:FDS) was downgraded by equities researchers at Redburn Atlantic from a “neutral” rating to a “sell” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $380.00 price target on the business services provider’s stock, down from their previous price target of $420.00. Redburn Atlantic’s price objective indicates a potential downside of 16.83% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. BMO Capital Markets raised their target price on FactSet Research Systems from $440.00 to $471.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Stifel Nicolaus increased their price target on FactSet Research Systems from $451.00 to $469.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada boosted their price objective on 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. Wells Fargo & Company upped their price objective on shares of FactSet Research Systems from $435.00 to $503.00 and gave the company an “equal weight” rating in a report on Friday, September 20th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Five investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $443.57.

FactSet Research Systems Trading Up 1.6 %

NYSE FDS opened at $456.87 on Wednesday. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 3.11 and a beta of 0.75. The business’s fifty day moving average is $430.21 and its 200-day moving average is $426.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.79. FactSet Research Systems has a one year low of $391.84 and a one year high of $488.64.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $547.06 million. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts predict that FactSet Research Systems will post 17.16 EPS for the current year.

Insider Buying and Selling

In other news, Director James J. Mcgonigle sold 5,410 shares of FactSet Research Systems stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $456.83, for a total transaction of $2,471,450.30. Following the completion of the sale, the director now owns 5,283 shares in the company, valued at approximately $2,413,432.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $412.75, for a total value of $1,238,250.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,330,666.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $456.83, for a total value of $2,471,450.30. Following the sale, the director now owns 5,283 shares in the company, valued at $2,413,432.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,362 shares of company stock worth $12,688,945 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of FactSet Research Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Perpetual Ltd boosted its position in FactSet Research Systems by 44.6% during the third quarter. Perpetual Ltd now owns 755 shares of the business services provider’s stock valued at $347,000 after buying an additional 233 shares during the period. CWM LLC lifted its stake in shares of FactSet Research Systems by 17.8% in the 3rd quarter. CWM LLC now owns 2,075 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 313 shares during the last quarter. FCF Advisors LLC bought a new position in FactSet Research Systems during the 3rd quarter worth approximately $1,749,000. GAMMA Investing LLC increased its stake in FactSet Research Systems by 7.3% in the 3rd quarter. GAMMA Investing LLC now owns 768 shares of the business services provider’s stock worth $353,000 after purchasing an additional 52 shares during the period. Finally, Czech National Bank lifted its position in FactSet Research Systems by 6.7% in the third quarter. Czech National Bank now owns 7,749 shares of the business services provider’s stock valued at $3,563,000 after purchasing an additional 486 shares during the last quarter. Hedge funds and other 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.