BMO Capital Markets Lowers FactSet Research Systems (NYSE:FDS) Price Target to $518.00

FactSet Research Systems (NYSE:FDS) had its price objective decreased by equities researchers at BMO Capital Markets from $521.00 to $518.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 5.42% from the stock’s previous close.

Several other brokerages have also recently commented on FDS. Wells Fargo & Company raised their price objective on FactSet Research Systems from $435.00 to $503.00 and gave the stock an “equal weight” rating in a research note on Friday, September 20th. Evercore ISI initiated coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Stifel Nicolaus lifted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a report on Friday, December 20th. UBS Group lifted their target price on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $503.00 price objective on shares of FactSet Research Systems in a research note on Friday, December 20th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $453.46.

FactSet Research Systems Trading Up 0.4 %

Shares of FactSet Research Systems stock opened at $491.35 on Monday. The company has a 50-day moving average of $478.45 and a two-hundred day moving average of $444.61. The stock has a market cap of $18.67 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87.

FactSet Research Systems (NYSE:FDS) last released its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.25 by $0.12. The company had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.12 EPS. On average, research analysts anticipate that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $455.09, for a total value of $1,365,270.00. Following the transaction, the chief executive officer now owns 12,987 shares in the company, valued at approximately $5,910,253.83. The trade was a 18.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher R. Ellis sold 13,952 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $456.15, for a total transaction of $6,364,204.80. Following the sale, the executive vice president now directly owns 23,515 shares of the company’s stock, valued at $10,726,367.25. The trade was a 37.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,984 shares of company stock worth $10,981,107 in the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new position in shares of FactSet Research Systems during the third quarter valued at $26,000. UMB Bank n.a. increased its stake in shares of FactSet Research Systems by 144.4% in the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after purchasing an additional 39 shares in the last quarter. Crewe Advisors LLC raised its holdings in FactSet Research Systems by 750.0% during the second quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the period. Quest Partners LLC lifted its holdings in FactSet Research Systems by 6,700.0% in the 2nd quarter. Quest Partners LLC now owns 68 shares of the business services provider’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of FactSet Research Systems in the third quarter worth $34,000. 91.24% of the stock is owned by institutional investors.

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.