FactSet Research Systems (NYSE:FDS) PT Raised to $503.00

FactSet Research Systems (NYSE:FDS) had its target price raised by equities researchers at Wells Fargo & Company from $435.00 to $503.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 8.28% from the stock’s previous close.

A number of other equities analysts also recently commented on FDS. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Bank of America cut shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $500.00 to $407.00 in a research report on Thursday, May 30th. UBS Group boosted 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. Morgan Stanley raised their price objective on shares of FactSet Research Systems from $350.00 to $355.00 and gave the stock an “underweight” rating in a report on Monday, June 24th. Finally, Royal Bank of Canada lifted their price objective on FactSet Research Systems from $464.00 to $503.00 and gave the company a “sector perform” rating in a research report on Friday. Four research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $445.58.

FactSet Research Systems Trading Down 1.1 %

FDS traded down $4.96 on Friday, hitting $464.52. 80,449 shares of the company were exchanged, compared to its average volume of 266,512. The stock has a market capitalization of $17.67 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.75. FactSet Research Systems has a 12 month low of $391.84 and a 12 month high of $488.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.79 and a current ratio of 1.28. The firm has a fifty day simple moving average of $420.81 and a two-hundred day simple moving average of $428.57.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.12. The firm had revenue of $562.20 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $2.93 earnings per share. Sell-side analysts expect that FactSet Research Systems will post 16.28 earnings per share for the current year.

Insiders Place Their Bets

In other FactSet Research Systems news, 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 transaction of $1,226,940.00. Following the sale, the chief executive officer now directly owns 12,915 shares in the company, valued at approximately $5,281,976.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Monday, July 1st. The shares were 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 directly owns 12,915 shares in the company, valued at $5,281,976.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Katherine M. Stepp sold 1,057 shares of the 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 in the company, valued at approximately $294,324.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,432 shares of company stock valued at $5,166,986. Insiders own 1.00% of the company’s stock.

Institutional Trading of FactSet Research Systems

A number of hedge funds have recently bought and sold shares of FDS. SteelPeak Wealth LLC increased its position in shares of FactSet Research Systems by 134.1% during the 2nd quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 1,506 shares during the last quarter. Bell Asset Management Ltd bought a new position in shares of FactSet Research Systems during the 4th quarter valued at approximately $6,756,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after acquiring an additional 1,389 shares in the last quarter. Cetera Investment Advisers increased its holdings in FactSet Research Systems by 214.5% in the 1st quarter. Cetera Investment Advisers now owns 5,400 shares of the business services provider’s stock worth $2,454,000 after acquiring an additional 3,683 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in FactSet Research Systems by 22.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,896 shares of the business services provider’s stock worth $7,223,000 after acquiring an additional 2,920 shares during the period. 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.