FactSet Research Systems (NYSE:FDS) Price Target Cut to $390.00 by Analysts at Morgan Stanley

FactSet Research Systems (NYSE:FDS) had its target price cut by analysts at Morgan Stanley from $409.00 to $390.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price target suggests a potential downside of 9.67% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $503.00 target price on shares of FactSet Research Systems in a report on Monday, March 10th. BMO Capital Markets reduced their target price on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating for the company in a report on Monday, December 23rd. Wells Fargo & Company cut FactSet Research Systems from an “equal weight” rating to an “underweight” rating and set a $402.00 target price for the company. in a report on Friday. Finally, Stifel Nicolaus upped their price target on FactSet Research Systems from $469.00 to $493.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, FactSet Research Systems currently has an average rating of “Hold” and an average price target of $444.23.

FactSet Research Systems Stock Performance

NYSE FDS opened at $431.75 on Friday. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 30.95, a PEG ratio of 2.93 and a beta of 0.77. FactSet Research Systems has a twelve month low of $391.84 and a twelve month high of $499.87. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $455.91 and a 200 day moving average of $464.12.

FactSet Research Systems (NYSE:FDS) last announced its earnings results on Thursday, March 20th. The business services provider reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.11. FactSet Research Systems had a return on equity of 33.92% and a net margin of 24.16%. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $570.65 million. During the same quarter in the prior year, the firm earned $4.22 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC lifted its stake in FactSet Research Systems by 560.3% during the third quarter. Quest Partners LLC now owns 449 shares of the business services provider’s stock worth $206,000 after purchasing an additional 381 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in FactSet Research Systems during the third quarter worth $736,000. Prospera Private Wealth LLC acquired a new position in FactSet Research Systems during the third quarter worth $119,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in FactSet Research Systems by 153.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,813 shares of the business services provider’s stock worth $8,191,000 after purchasing an additional 10,791 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in FactSet Research Systems by 29.4% during the third quarter. Intech Investment Management LLC now owns 12,151 shares of the business services provider’s stock worth $5,588,000 after purchasing an additional 2,764 shares in the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Company Profile

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.