FactSet Research Systems (NYSE:FDS) PT Raised to $288.00 at DA Davidson

FactSet Research Systems (NYSE:FDS) had its price objective raised by equities researchers at DA Davidson from $260.00 to $288.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. DA Davidson’s price objective indicates a potential downside of 13.73% from the company’s current price.

FDS has been the subject of a number of other research reports. Oppenheimer restated a “hold” rating on shares of FactSet Research Systems in a research note on Thursday. Deutsche Bank lifted their price objective on shares of FactSet Research Systems from $237.00 to $293.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Wells Fargo & Co lifted their price objective on shares of FactSet Research Systems from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Friday. Northcoast Research cut shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $240.00 price objective for the company. in a research note on Thursday, June 11th. Finally, Cantor Fitzgerald lifted their price objective on shares of FactSet Research Systems from $240.00 to $258.00 and gave the stock a “neutral” rating in a research note on Friday, March 27th. Six analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $258.86.

FactSet Research Systems stock traded down $8.33 during mid-day trading on Friday, reaching $333.83. The company’s stock had a trading volume of 2,331 shares, compared to its average volume of 284,177. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.78. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.63 and a current ratio of 2.63. The business’s 50 day simple moving average is $295.06 and its 200 day simple moving average is $277.66. FactSet Research Systems has a 12 month low of $195.22 and a 12 month high of $343.78.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, June 25th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.42. The company had revenue of $374.10 million during the quarter, compared to analysts’ expectations of $376.35 million. FactSet Research Systems had a net margin of 25.01% and a return on equity of 58.78%. FactSet Research Systems’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 EPS. As a group, sell-side analysts expect that FactSet Research Systems will post 10 EPS for the current year.

In other news, EVP Robert J. Robie sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $276.44, for a total value of $1,105,760.00. Following the transaction, the executive vice president now owns 1,598 shares in the company, valued at approximately $441,751.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick Philip Snow sold 1,769 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $308.22, for a total transaction of $545,241.18. Following the completion of the transaction, the chief executive officer now owns 3,887 shares in the company, valued at approximately $1,198,051.14. The disclosure for this sale can be found here. Insiders have sold a total of 45,277 shares of company stock worth $12,078,368 over the last three months. Insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its position in shares of FactSet Research Systems by 27.0% during the 1st quarter. State Street Corp now owns 1,581,276 shares of the business services provider’s stock valued at $412,207,000 after acquiring an additional 336,464 shares during the period. Norges Bank bought a new stake in FactSet Research Systems during the 4th quarter valued at $79,136,000. Balyasny Asset Management LLC bought a new stake in FactSet Research Systems during the 1st quarter valued at $22,827,000. Loomis Sayles & Co. L P increased its stake in FactSet Research Systems by 3.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,833,172 shares of the business services provider’s stock valued at $760,140,000 after purchasing an additional 87,437 shares in the last quarter. Finally, BlackRock Inc. increased its stake in FactSet Research Systems by 1.8% during the 1st quarter. BlackRock Inc. now owns 4,584,838 shares of the business services provider’s stock valued at $1,195,177,000 after purchasing an additional 81,632 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc provides integrated financial information and analytical applications to the investment community in the United States, Europe, and the Asia Pacific. The company delivers insight and information to financial investment professionals through its analytics, services, contents, and technologies.

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The Fly

Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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