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

FactSet Research Systems (NYSE:FDS) had its target price decreased by equities research analysts at BMO Capital Markets from $521.00 to $518.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 7.13% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $420.00 to $380.00 in a research note on Wednesday, October 9th. UBS Group increased their price objective on FactSet Research Systems from $485.00 to $525.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their target price on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday. Morgan Stanley upped their price target on FactSet Research Systems from $373.00 to $409.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI assumed coverage on shares of FactSet Research Systems in a research report on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, FactSet Research Systems presently has an average rating of “Hold” and an average price target of $453.46.

FactSet Research Systems Stock Down 1.3 %

Shares of NYSE FDS opened at $483.52 on Monday. The business has a 50-day moving average price of $477.45 and a 200 day moving average price of $443.47. The stock has a market cap of $18.37 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.15 and a beta of 0.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.65. FactSet Research Systems has a 52-week low of $391.84 and a 52-week high of $499.87.

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

Insider Activity

In other news, Director James J. Mcgonigle sold 5,410 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $456.83, for a total value of $2,471,450.30. Following the completion of the transaction, the director now owns 5,283 shares in the company, valued at $2,413,432.89. This trade represents a 50.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This trade represents a 84.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,984 shares of company stock worth $10,981,107. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in FactSet Research Systems by 2,873.9% in the 2nd quarter. Millennium Management LLC now owns 119,582 shares of the business services provider’s stock valued at $48,822,000 after purchasing an additional 115,561 shares during the last quarter. International Assets Investment Management LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at $38,909,000. State Street Corp raised its holdings in FactSet Research Systems by 2.2% in the 3rd quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after acquiring an additional 42,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FactSet Research Systems by 21.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 235,387 shares of the business services provider’s stock worth $96,113,000 after purchasing an additional 41,717 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after purchasing an additional 25,294 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

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.