FactSet Research Systems (NYSE:FDS) PT Lowered to $335.00 at Morgan Stanley

FactSet Research Systems (NYSE:FDSGet Rating) had its price target reduced by research analysts at Morgan Stanley from $338.00 to $335.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential downside of 14.16% from the stock’s previous close.

FDS has been the topic of a number of other research reports. Stifel Nicolaus lowered their target price on FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating on the stock in a report on Friday, June 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of FactSet Research Systems from $507.00 to $483.00 in a research note on Friday. StockNews.com downgraded shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Sunday, June 26th. Royal Bank of Canada upped their price objective on shares of FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. Finally, Credit Suisse Group lowered their target price on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating for the company in a research note on Friday, June 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, FactSet Research Systems presently has a consensus rating of “Hold” and a consensus target price of $418.38.

FactSet Research Systems Price Performance

FactSet Research Systems stock traded down $4.49 during trading hours on Friday, hitting $390.26. The stock had a trading volume of 6,093 shares, compared to its average volume of 216,388. FactSet Research Systems has a 1-year low of $345.92 and a 1-year high of $495.39. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.91 and a beta of 0.79. The stock’s fifty day moving average is $431.55 and its two-hundred day moving average is $410.01. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.12 and a quick ratio of 2.12.

FactSet Research Systems (NYSE:FDSGet Rating) last posted its earnings results on Thursday, September 22nd. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.20 by ($0.07). FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. The business had revenue of $499.30 million for the quarter, compared to analysts’ expectations of $487.95 million. During the same quarter last year, the business posted $2.88 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that FactSet Research Systems will post 13.52 earnings per share for the current fiscal year.

Insider Buying and Selling at FactSet Research Systems

In other FactSet Research Systems news, Director Sheila B. Jordan sold 2,572 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the transaction, the director now owns 177 shares in the company, valued at approximately $69,233.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Frederick Philip Snow sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $424.92, for a total transaction of $1,062,300.00. Following the transaction, the chief executive officer now owns 3,988 shares in the company, valued at approximately $1,694,580.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sheila B. Jordan sold 2,572 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $391.15, for a total value of $1,006,037.80. Following the completion of the transaction, the director now owns 177 shares of the company’s stock, valued at $69,233.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,907 shares of company stock valued at $3,164,207. 0.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in FactSet Research Systems by 27.5% during the 4th quarter. State Street Corp now owns 1,955,530 shares of the business services provider’s stock worth $950,407,000 after purchasing an additional 421,362 shares during the last quarter. Invesco Ltd. raised its position in FactSet Research Systems by 103.6% in the 4th quarter. Invesco Ltd. now owns 240,740 shares of the business services provider’s stock valued at $117,002,000 after buying an additional 122,485 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of FactSet Research Systems by 179.4% in the first quarter. AustralianSuper Pty Ltd now owns 178,785 shares of the business services provider’s stock worth $77,620,000 after purchasing an additional 114,793 shares in the last quarter. BlackRock Inc. lifted its position in FactSet Research Systems by 2.5% during the 1st quarter. BlackRock Inc. now owns 3,694,956 shares of the business services provider’s stock worth $1,604,165,000 after buying an additional 89,401 shares in the last quarter. Finally, Echo Street Capital Management LLC boosted its position in FactSet Research Systems by 26.4% during the first quarter. Echo Street Capital Management LLC now owns 397,999 shares of the business services provider’s stock valued at $172,791,000 after purchasing an additional 83,031 shares during the last quarter. 90.38% of the stock is owned by institutional investors.

About FactSet Research Systems

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FactSet Research Systems Inc, a financial data and analytics 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.

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