FactSet Research Systems (NYSE:FDS) PT Lowered to $483.00

FactSet Research Systems (NYSE:FDSGet Rating) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from $507.00 to $483.00 in a research note issued to investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 22.36% from the company’s current price.

A number of other research analysts have also issued reports on FDS. Royal Bank of Canada upped their target price on shares of FactSet Research Systems from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. Stifel Nicolaus cut their price objective on shares of FactSet Research Systems from $432.00 to $394.00 and set a “hold” rating on the stock in a report on Friday, June 24th. Credit Suisse Group cut their price target on shares of FactSet Research Systems from $475.00 to $390.00 and set a “neutral” rating on the stock in a report on Friday, June 24th. Morgan Stanley cut their price target on shares of FactSet Research Systems from $362.00 to $338.00 and set an “underweight” rating on the stock in a report on Tuesday, June 21st. Finally, StockNews.com lowered shares of FactSet Research Systems from a “buy” rating to a “hold” rating in a report on Sunday, June 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $418.75.

FactSet Research Systems Stock Performance

NYSE:FDS opened at $394.75 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.66. FactSet Research Systems has a fifty-two week low of $345.92 and a fifty-two week high of $495.39. The stock has a market cap of $14.99 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.91 and a beta of 0.79. The firm’s fifty day simple moving average is $431.55 and its 200-day simple moving average is $410.01.

FactSet Research Systems (NYSE:FDSGet Rating) last issued its quarterly earnings data on Thursday, September 22nd. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.20 by ($0.07). The business had revenue of $499.30 million during the quarter, compared to analyst estimates of $487.95 million. FactSet Research Systems had a net margin of 22.41% and a return on equity of 44.24%. FactSet Research Systems’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.88 earnings per share. Analysts expect that FactSet Research Systems will post 13.52 earnings per share for the current fiscal year.

Insider Transactions at FactSet Research Systems

In other news, Director Sheila B. Jordan sold 2,572 shares of the firm’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 transaction of $1,006,037.80. Following the completion of the sale, the director now owns 177 shares of the company’s stock, valued at $69,233.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Frederick Philip Snow sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $384.54, for a total transaction of $961,350.00. Following the completion of the sale, the chief executive officer now owns 3,988 shares of the company’s stock, valued at $1,533,545.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sheila B. Jordan sold 2,572 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $391.15, for a total transaction of $1,006,037.80. Following the sale, the director now directly owns 177 shares of the company’s stock, valued at approximately $69,233.55. The disclosure for this sale can be found here. Over the last quarter, 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 Trading of FactSet Research Systems

Hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA bought a new position in FactSet Research Systems during the second quarter worth $35,000. Tandem Investment Advisors Inc. lifted its stake in FactSet Research Systems by 7.1% during the second quarter. Tandem Investment Advisors Inc. now owns 222,863 shares of the business services provider’s stock worth $85,707,000 after purchasing an additional 14,818 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new position in FactSet Research Systems during the second quarter worth $2,384,000. Royal London Asset Management Ltd. lifted its stake in FactSet Research Systems by 1.2% during the second quarter. Royal London Asset Management Ltd. now owns 49,142 shares of the business services provider’s stock worth $18,911,000 after purchasing an additional 601 shares during the last quarter. Finally, Amundi lifted its stake in FactSet Research Systems by 1.8% during the second quarter. Amundi now owns 413,703 shares of the business services provider’s stock worth $163,597,000 after purchasing an additional 7,150 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

FactSet Research Systems Company Profile

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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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