BMO Capital Markets Raises FactSet Research Systems (NYSE:FDS) Price Target to $471.00

FactSet Research Systems (NYSE:FDS) had its target price raised by equities researchers at BMO Capital Markets from $440.00 to $471.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 0.26% from the stock’s previous close.

Several other analysts also recently weighed in on FDS. Jefferies Financial Group lowered their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. UBS Group increased their price target on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted 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 research report on Friday. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $500.00 to $407.00 in a research note on Thursday, May 30th. Finally, Royal Bank of Canada raised their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $446.67.

FactSet Research Systems Price Performance

NYSE FDS traded up $0.29 on Friday, reaching $469.77. 174,588 shares of the company’s stock traded hands, compared to its average volume of 266,989. The stock has a market cap of $17.87 billion, a PE ratio of 35.38, a P/E/G ratio of 2.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The stock has a 50-day simple moving average of $420.81 and a 200 day simple moving average of $428.57.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.12. The business had revenue of $562.20 million during the quarter, compared to analyst estimates 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 was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, research analysts predict that FactSet Research Systems will post 16.28 earnings per share for the current year.

Insider Buying and Selling at FactSet Research Systems

In related news, CTO Katherine M. Stepp sold 1,057 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $428.42, for a total transaction of $452,839.94. Following the completion of the sale, the chief technology officer now directly owns 687 shares in the company, valued at $294,324.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of FactSet Research Systems stock in a transaction that occurred on Monday, June 24th. The shares were 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 of the company’s stock, valued at $294,324.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $408.98, for a total value of $1,226,940.00. Following the completion of the sale, the chief executive officer now owns 12,915 shares of the company’s stock, valued at approximately $5,281,976.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,432 shares of company stock worth $5,166,986. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors have recently added to or reduced their stakes in FDS. Mission Wealth Management LP boosted its position in shares of FactSet Research Systems by 0.7% during the 1st quarter. Mission Wealth Management LP now owns 3,380 shares of the business services provider’s stock valued at $1,536,000 after acquiring an additional 24 shares during the last quarter. Procyon Advisors LLC raised its stake in FactSet Research Systems by 0.4% during the first quarter. Procyon Advisors LLC now owns 6,487 shares of the business services provider’s stock valued at $2,948,000 after purchasing an additional 27 shares in the last quarter. Argent Trust Co grew its stake in shares of FactSet Research Systems by 2.1% in the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after buying an additional 27 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of FactSet Research Systems by 4.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 834 shares of the business services provider’s stock worth $341,000 after buying an additional 32 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of FactSet Research Systems by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 8,407 shares of the business services provider’s stock worth $3,820,000 after buying an additional 34 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.