UBS Group Issues Pessimistic Forecast for FactSet Research Systems (NYSE:FDS) Stock Price

FactSet Research Systems (NYSE:FDS) had its price target reduced by equities research analysts at UBS Group from $525.00 to $480.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 11.87% from the stock’s current price.

Other analysts also recently issued reports about the stock. Wells Fargo & Company downgraded shares of FactSet Research Systems from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $450.00 to $402.00 in a report on Friday. Stifel Nicolaus upped their price target on shares of FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a report on Friday, December 20th. BMO Capital Markets cut their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research report on Monday, December 23rd. Morgan Stanley decreased their price objective on FactSet Research Systems from $409.00 to $390.00 and set an “underweight” rating for the company in a report on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. Six equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $440.77.

FactSet Research Systems Stock Performance

FDS traded down $1.86 on Friday, reaching $429.07. 132,375 shares of the stock were exchanged, compared to its average volume of 273,630. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day moving average price is $455.91 and its 200 day moving average price is $464.12. The firm has a market capitalization of $16.32 billion, a PE ratio of 30.79, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a fifty-two week low of $391.84 and a fifty-two week high of $499.87.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Thursday, March 20th. The business services provider reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.11. The firm had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $4.22 earnings per share. As a group, sell-side analysts forecast that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Hedge Funds Weigh In On FactSet Research Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth about $29,000. Brooklyn Investment Group acquired a new position in shares of FactSet Research Systems during the third quarter valued at approximately $35,000. Allworth Financial LP lifted its position in shares of FactSet Research Systems by 19.1% in the fourth quarter. Allworth Financial LP now owns 137 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 22 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of FactSet Research Systems by 5,200.0% in the third quarter. Continuum Advisory LLC now owns 159 shares of the business services provider’s stock worth $79,000 after acquiring an additional 156 shares during the last quarter. Finally, Menard Financial Group LLC acquired a new stake in shares of FactSet Research Systems in the fourth quarter worth approximately $91,000. 91.24% of the stock is owned by hedge funds and other institutional investors.

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.