FactSet Research Systems (NYSE:FDS) PT Raised to $469.00 at Stifel Nicolaus

FactSet Research Systems (NYSE:FDS) had its target price lifted by stock analysts at Stifel Nicolaus from $451.00 to $469.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 0.66% from the stock’s previous close.

FDS has been the subject of a number of other reports. Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $500.00 to $407.00 in a report on Thursday, May 30th. UBS Group raised their price objective on shares of FactSet Research Systems from $455.00 to $485.00 and gave the company a “neutral” rating in a research note on Friday. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday. Morgan Stanley raised their price target on shares of FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research report on Monday, June 24th. Finally, Jefferies Financial Group cut their price objective on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Four research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $446.67.

FactSet Research Systems Price Performance

Shares of FDS opened at $465.91 on Friday. The firm has a 50-day simple moving average of $421.66 and a two-hundred day simple moving average of $428.33. The stock has a market cap of $17.72 billion, a PE ratio of 35.14, a P/E/G ratio of 2.64 and a beta of 0.75. FactSet Research Systems has a 1-year low of $391.84 and a 1-year high of $488.64. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.79.

FactSet Research Systems (NYSE:FDS) last announced its earnings results 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. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The company had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the previous year, the company earned $2.93 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that FactSet Research Systems will post 16.28 EPS for the current year.

Insider Transactions at FactSet Research Systems

In related news, CTO Katherine M. Stepp sold 1,057 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $428.42, for a total value of $452,839.94. Following the transaction, the chief technology officer now directly owns 687 shares of the company’s stock, valued at approximately $294,324.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CTO Katherine M. Stepp sold 1,057 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robin Ann Abrams sold 2,375 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total value of $999,186.25. Following the completion of the sale, the director now owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,432 shares of company stock worth $5,166,986. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of FactSet Research Systems by 144.4% during the second quarter. UMB Bank n.a. now owns 66 shares of the business services provider’s stock worth $27,000 after buying an additional 39 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of FactSet Research Systems by 750.0% in the 2nd quarter. Crewe Advisors LLC now owns 68 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. Quest Partners LLC grew its stake in shares of 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 valued at $28,000 after purchasing an additional 67 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of FactSet Research Systems in the second quarter valued at approximately $33,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of FactSet Research Systems by 300.0% during the second quarter. SJS Investment Consulting Inc. now owns 88 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

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.