BMO Capital Markets Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price objective cut by BMO Capital Markets from $498.00 to $466.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 5.89% from the stock’s previous close.

FDS has been the subject of several other reports. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $450.00 to $402.00 in a research report on Friday, March 21st. Stifel Nicolaus boosted their price objective on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Morgan Stanley dropped their target price on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating on the stock in a report on Friday, March 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 price target on shares of FactSet Research Systems in a research report on Monday, March 10th. Finally, UBS Group reduced their target price on shares of FactSet Research Systems from $525.00 to $480.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Five analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $436.27.

FactSet Research Systems Stock Up 1.8 %

FDS stock opened at $440.10 on Monday. The stock’s 50 day simple moving average is $454.78 and its 200 day simple moving average is $464.84. The company has a market cap of $16.74 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 2.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last issued its earnings results on Thursday, March 20th. The business services provider reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company had revenue of $570.70 million for the quarter, compared to analyst estimates of $570.65 million. During the same period in the prior year, the firm earned $4.22 earnings per share. FactSet Research Systems’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts expect that FactSet Research Systems will post 17.21 earnings per share for the current fiscal year.

Insider Transactions at FactSet Research Systems

In related news, CAO Gregory T. Moskoff sold 363 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $433.73, for a total transaction of $157,443.99. Following the sale, the chief accounting officer now owns 44 shares of the company’s stock, valued at approximately $19,084.12. This represents a 89.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDS. California State Teachers Retirement System boosted its stake in FactSet Research Systems by 5.7% during the fourth quarter. California State Teachers Retirement System now owns 61,364 shares of the business services provider’s stock valued at $29,472,000 after buying an additional 3,283 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of FactSet Research Systems by 6.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,370 shares of the business services provider’s stock valued at $2,099,000 after acquiring an additional 251 shares during the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of FactSet Research Systems by 871.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 10,834 shares of the business services provider’s stock worth $5,203,000 after purchasing an additional 9,719 shares in the last quarter. Menard Financial Group LLC bought a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $91,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in FactSet Research Systems in the fourth quarter valued at approximately $39,284,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

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.