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

FactSet Research Systems (NYSE:FDS) had its price objective raised by research analysts at BMO Capital Markets from $471.00 to $521.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 5.14% from the stock’s previous close.

FDS has been the topic of several other reports. Evercore ISI began coverage on FactSet Research Systems in a research report on Wednesday, October 2nd. They set an “inline” rating and a $470.00 price target on the stock. Redburn Atlantic downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $420.00 to $380.00 in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of 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. Stifel Nicolaus lifted their target price on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group increased their price target on FactSet Research Systems from $455.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, FactSet Research Systems currently has an average rating of “Hold” and a consensus price target of $447.14.

FactSet Research Systems Trading Up 1.0 %

FDS opened at $495.51 on Friday. FactSet Research Systems has a 12-month low of $391.84 and a 12-month high of $499.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $18.82 billion, a PE ratio of 35.65, a P/E/G ratio of 3.25 and a beta of 0.75. The firm’s fifty day moving average price is $460.40 and its 200 day moving average price is $433.15.

FactSet Research Systems (NYSE:FDS) last posted its quarterly 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. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. During the same period last year, the firm earned $2.93 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts expect that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John Costigan sold 1,622 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now directly owns 299 shares of the company’s stock, valued at $143,819. This represents a 84.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief executive officer now directly owns 12,987 shares in the company, valued at $5,910,253.83. This represents a 18.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,984 shares of company stock valued at $12,230,877 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its position in FactSet Research Systems by 2.3% during the third quarter. Raymond James Trust N.A. now owns 948 shares of the business services provider’s stock valued at $436,000 after buying an additional 21 shares during the period. Andina Capital Management LLC lifted its position in shares of FactSet Research Systems by 3.8% in the third quarter. Andina Capital Management LLC now owns 715 shares of the business services provider’s stock worth $329,000 after purchasing an additional 26 shares in the last quarter. Argent Trust Co boosted its holdings in shares of FactSet Research Systems by 2.1% during the second 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 period. Legacy Financial Advisors Inc. grew its position in 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 valued at $341,000 after purchasing an additional 32 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in FactSet Research Systems by 4.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 736 shares of the business services provider’s stock valued at $300,000 after buying an additional 34 shares during the period. 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.