FactSet Research Systems (NYSE:FDS) Now Covered by CICC Research

Research analysts at CICC Research started coverage on shares of FactSet Research Systems (NYSE:FDSGet Rating) in a report issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

Other research analysts have also issued reports about the company. Barclays raised their price objective on FactSet Research Systems from $440.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, December 2nd. StockNews.com assumed coverage on FactSet Research Systems in a research note on Thursday. They set a “hold” rating for the company. UBS Group raised their target price on FactSet Research Systems from $399.00 to $425.00 and gave the company a “neutral” rating in a research note on Wednesday, December 21st. Deutsche Bank Aktiengesellschaft lowered their target price on FactSet Research Systems from $493.00 to $477.00 and set a “buy” rating for the company in a research note on Wednesday, December 21st. Finally, Credit Suisse Group upgraded FactSet Research Systems from a “neutral” rating to an “outperform” rating and raised their target price for the company from $485.00 to $500.00 in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FactSet Research Systems has an average rating of “Hold” and a consensus target price of $450.14.

FactSet Research Systems Trading Up 0.2 %

NYSE:FDS opened at $405.81 on Friday. The business’s 50-day moving average is $419.88 and its two-hundred day moving average is $423.40. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.16 and a quick ratio of 2.16. FactSet Research Systems has a 12 month low of $345.92 and a 12 month high of $474.13. The firm has a market capitalization of $15.52 billion, a PE ratio of 36.96, a price-to-earnings-growth ratio of 2.73 and a beta of 0.84.

FactSet Research Systems (NYSE:FDSGet Rating) last released its quarterly earnings data on Tuesday, December 20th. The business services provider reported $3.99 EPS for the quarter, beating the consensus estimate of $3.60 by $0.39. FactSet Research Systems had a return on equity of 41.53% and a net margin of 22.15%. The company had revenue of $504.82 million for the quarter, compared to analyst estimates of $510.88 million. Research analysts predict that FactSet Research Systems will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $412.91, for a total value of $1,238,730.00. Following the completion of the transaction, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,405,268.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other FactSet Research Systems news, CEO Frederick Philip Snow sold 3,000 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $412.91, for a total value of $1,238,730.00. Following the completion of the transaction, the chief executive officer now directly owns 8,247 shares in the company, valued at $3,405,268.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Reeve sold 350 shares of FactSet Research Systems stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $403.81, for a total value of $141,333.50. Following the completion of the transaction, the executive vice president now owns 178 shares of the company’s stock, valued at $71,878.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,350 shares of company stock worth $2,646,724. Corporate insiders own 0.97% of the company’s stock.

Hedge Funds Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American National Bank bought a new stake in shares of FactSet Research Systems during the third quarter valued at approximately $26,000. Accurate Wealth Management LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new stake in shares of FactSet Research Systems during the second quarter valued at approximately $32,000. Baldwin Brothers LLC MA bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $34,000. Finally, CoreCap Advisors LLC bought a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $34,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About FactSet Research Systems

(Get Rating)

FactSet Research Systems Inc (the “”Company”” or “”FactSet””) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company’s content and multi-asset class solutions across each stage of the investment process.

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