FactSet Research Systems (NYSE:FDS) PT Lowered to $378.00

FactSet Research Systems (NYSE:FDSGet Free Report) had its price objective reduced by stock analysts at Jefferies Financial Group from $455.00 to $378.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s target price suggests a potential downside of 7.83% from the company’s current price.

A number of other brokerages have also commented on FDS. Morgan Stanley lowered their price objective on FactSet Research Systems from $372.00 to $350.00 and set an “underweight” rating for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on FactSet Research Systems from $377.00 to $419.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $464.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. BMO Capital Markets raised their target price on FactSet Research Systems from $447.00 to $458.00 and gave the stock a “market perform” rating in a report on Monday, March 25th. Finally, Bank of America cut FactSet Research Systems from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $500.00 to $407.00 in a report on Thursday, May 30th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $431.50.

Check Out Our Latest Stock Report on FDS

FactSet Research Systems Price Performance

Shares of FDS stock opened at $410.10 on Wednesday. The stock’s fifty day moving average is $429.96 and its 200-day moving average is $451.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $15.63 billion, a PE ratio of 32.47, a PEG ratio of 2.59 and a beta of 0.74. FactSet Research Systems has a 52 week low of $385.27 and a 52 week high of $488.64.

FactSet Research Systems (NYSE:FDSGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.83 by $0.39. The firm had revenue of $545.95 million during the quarter, compared to analyst estimates of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. Equities research analysts expect that FactSet Research Systems will post 15.81 EPS for the current fiscal year.

Insider Activity

In other news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $431.48, for a total transaction of $1,870,897.28. Following the transaction, the executive vice president now owns 1,485 shares in the company, valued at approximately $640,747.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Robert J. Robie sold 4,336 shares of FactSet Research Systems stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $431.48, for a total value of $1,870,897.28. Following the sale, the executive vice president now owns 1,485 shares of the company’s stock, valued at approximately $640,747.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Gregory T. Moskoff sold 330 shares of FactSet Research Systems stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $419.50, for a total value of $138,435.00. Following the completion of the sale, the chief accounting officer now directly owns 72 shares in the company, valued at approximately $30,204. The disclosure for this sale can be found here. Insiders have sold 23,987 shares of company stock worth $10,283,347 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of FDS. Morgan Stanley raised its position in FactSet Research Systems by 100.1% in the 3rd quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after buying an additional 698,611 shares during the last quarter. Norges Bank acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $47,977,000. International Assets Investment Management LLC acquired a new position in shares of FactSet Research Systems during the 4th quarter worth approximately $45,288,000. PineStone Asset Management Inc. increased its position in shares of FactSet Research Systems by 117.0% during the 4th quarter. PineStone Asset Management Inc. now owns 163,521 shares of the business services provider’s stock worth $78,008,000 after purchasing an additional 88,173 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

About FactSet Research Systems

(Get Free Report)

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.

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Analyst Recommendations for FactSet Research Systems (NYSE:FDS)

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