FactSet Research Systems (NYSE:FDS) Raised to Market Perform at Raymond James Financial

FactSet Research Systems (NYSE:FDS) was upgraded by analysts at Raymond James Financial from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday,Finviz reports.

Several other analysts have also recently commented on FDS. Wells Fargo & Company boosted their price target on shares of FactSet Research Systems from $402.00 to $405.00 and gave the stock an “underweight” rating in a research note on Friday, June 20th. UBS Group reaffirmed a “neutral” rating on shares of FactSet Research Systems in a report on Friday, June 20th. Evercore ISI dropped their price target on FactSet Research Systems from $470.00 to $448.00 and set an “in-line” rating for the company in a research note on Monday, June 16th. Morgan Stanley raised their price target on FactSet Research Systems from $390.00 to $393.00 and gave the company an “underweight” rating in a report on Friday, June 20th. Finally, BMO Capital Markets lifted their price objective on FactSet Research Systems from $448.00 to $452.00 and gave the stock a “market perform” rating in a research note on Friday, June 20th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $444.25.

FactSet Research Systems Stock Up 0.5%

NYSE FDS opened at $439.99 on Thursday. FactSet Research Systems has a 12 month low of $391.69 and a 12 month high of $499.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.66. The stock has a market cap of $16.70 billion, a PE ratio of 31.79, a P/E/G ratio of 2.88 and a beta of 0.86. The stock’s 50 day moving average is $440.45 and its 200 day moving average is $451.17.

FactSet Research Systems (NYSE:FDS) last released its quarterly earnings data on Monday, June 23rd. The business services provider reported $4.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.30 by ($0.03). FactSet Research Systems had a net margin of 23.30% and a return on equity of 31.59%. The company had revenue of $585.52 million for the quarter, compared to the consensus estimate of $580.70 million. During the same quarter in the previous year, the business earned $4.37 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts predict that FactSet Research Systems will post 17.21 EPS for the current fiscal year.

Institutional Trading of FactSet Research Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SouthState Corp increased its position in FactSet Research Systems by 1,400.0% during the first quarter. SouthState Corp now owns 60 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of FactSet Research Systems during the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in FactSet Research Systems by 4,200.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 86 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 84 shares during the last quarter. WPG Advisers LLC purchased a new stake in FactSet Research Systems in the 1st quarter worth about $41,000. Finally, American National Bank & Trust purchased a new stake in FactSet Research Systems in the 1st quarter worth about $44,000. 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.