FactSet Research Systems (NYSE:FDS) Price Target Raised to $525.00

FactSet Research Systems (NYSE:FDS) had its target price hoisted by analysts at UBS Group from $485.00 to $525.00 in a report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s target price suggests a potential upside of 8.42% from the company’s previous close.

Several other research analysts also recently commented on FDS. Royal Bank of Canada raised their target price on FactSet Research Systems from $464.00 to $503.00 and gave the stock a “sector perform” rating in a research note on Friday, September 20th. Evercore ISI initiated coverage on FactSet Research Systems in a research note on Wednesday, October 2nd. They issued an “inline” rating and a $470.00 target price for the company. Wells Fargo & Company raised their target price 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. BMO Capital Markets raised their price target on FactSet Research Systems from $471.00 to $521.00 and gave the company a “market perform” rating in a report on Friday. Finally, Stifel Nicolaus raised their price target on FactSet Research Systems from $451.00 to $469.00 and gave the company a “hold” rating in a report on Friday, September 20th. Five investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, FactSet Research Systems presently has a consensus rating of “Hold” and an average target price of $450.00.

FactSet Research Systems Stock Performance

NYSE:FDS traded down $11.49 during trading on Friday, reaching $484.23. The company’s stock had a trading volume of 44,500 shares, compared to its average volume of 261,696. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 3.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average of $460.40 and a 200-day moving average of $433.15. 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 announced its quarterly earnings data 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. The firm had revenue of $562.20 million during the quarter, compared to the consensus estimate of $547.06 million. FactSet Research Systems had a return on equity of 34.77% and a net margin of 24.38%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 EPS. Research analysts expect that FactSet Research Systems will post 17.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Costigan sold 1,622 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $481.00, for a total value of $780,182.00. Following the transaction, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at approximately $5,380,259.85. This trade represents a 18.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,984 shares of company stock worth $12,230,877. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in FactSet Research Systems during the third quarter worth $704,000. Erste Asset Management GmbH purchased a new position in FactSet Research Systems in the 3rd quarter valued at about $5,731,000. Edgestream Partners L.P. acquired a new stake in FactSet Research Systems in the 3rd quarter worth about $2,170,000. Point72 Europe London LLP purchased a new stake in FactSet Research Systems during the 3rd quarter worth approximately $7,542,000. Finally, Verition Fund Management LLC acquired a new position in shares of FactSet Research Systems during the third quarter valued at approximately $5,894,000. Hedge funds and other institutional investors 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.