FactSet Research Systems (NYSE:FDS) PT Raised to $469.00

FactSet Research Systems (NYSE:FDS) had its price target increased by investment analysts at Stifel Nicolaus from $451.00 to $469.00 in a report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 0.96% from the company’s previous close.

FDS has been the topic of a number of other reports. Wells Fargo & Company raised their target price on shares of FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada lifted their price objective on shares of FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research note on Friday. UBS Group upped their target price on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group lowered their price target on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a report on Wednesday, June 5th. Finally, Morgan Stanley upped their price objective on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $445.58.

FactSet Research Systems Stock Down 1.1 %

Shares of FactSet Research Systems stock traded down $4.96 during trading hours on Friday, hitting $464.52. The company had a trading volume of 80,449 shares, compared to its average volume of 266,512. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $488.64. The company has a market cap of $17.67 billion, a P/E ratio of 35.03, a price-to-earnings-growth 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. The company’s 50-day moving average is $420.81 and its two-hundred day moving average is $428.57.

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 analysts’ consensus estimates of $3.62 by $0.12. The business had revenue of $562.20 million for the quarter, compared to analysts’ expectations of $547.06 million. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. Analysts anticipate that FactSet Research Systems will post 16.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other FactSet Research Systems news, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the sale, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other FactSet Research Systems news, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the completion of the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at $294,324.54. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total value of $999,186.25. Following the sale, the director now owns 9,193 shares in the company, valued at $3,867,587.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FactSet Research Systems

Large investors have recently added to or reduced their stakes in the business. Mission Wealth Management LP lifted its position in shares of FactSet Research Systems by 0.7% in the first 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 in the last quarter. Procyon Advisors LLC lifted its holdings in FactSet Research Systems by 0.4% in the 1st 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 boosted its stake in shares of FactSet Research Systems by 2.1% during the 2nd quarter. Argent Trust Co now owns 1,312 shares of the business services provider’s stock worth $536,000 after purchasing an additional 27 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of FactSet Research Systems by 4.0% during the second 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 grew its holdings in shares of FactSet Research Systems by 0.4% during the first 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 in 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.